The Middle Market Growth Program (MMGP), a joint venture between Antares and LStar Capital, closed a $186.5 million senior secured unitranche credit facility to support the acquisition of Crisis Prevention Institute (CPI) by FFL Partners.
“We appreciated the speed and certainty of the Antares and LStar MMGP offering,” said Rajat Duggal, managing director with FFL Partners. “They worked closely with us throughout the process and efficiently delivered the financing we required.”
“Our team was pleased that our unitranche product met FFL Partners’ needs, and we look forward to supporting them on future transactions,” said Mary Gaede, managing director with Antares Capital. “With a global customer base and a growing demand for crisis prevention and de-escalation training, CPI and FFL Partners have a great opportunity ahead of them.”
Milwaukee-based CPI provides training in de-escalation of aggressive behaviors for “duty of care” providers at schools, hospitals, mental health clinics, long-term care facilities, juvenile detention centers and other organizations.
FFL Partners is a San Francisco-based private equity firm with more than $4.5 billion under management.
MMGP provides private equity sponsors and borrowers with access to first lien unitranche loans. MMGP does not require rating agency meetings or a syndication process so transactions can close in as few as three weeks. MMGP has the ability to provide up to $250 million in financing for a single transaction.