The Middle Market Growth Program (MMGP), a joint venture by Antares Capital and LStar Capital, closed a senior secured unitranche credit facility to support the acquisition of Stanton Carpet by Quad-C Management.
Headquartered in Syosset, NY, Stanton was founded as a family business in 1980. With the Stanton, Antrim, Royal Dutch, Atelier, Rosecore and Crescent brands, the company designs and distributes branded carpet and custom rugs and runners. The Stanton family of brands are available through approximately 4,000 retail partners nationwide.
“Antares knows Stanton well, so we were pleased to have them lead this transaction along with LStar,” said Thad Jones, partner with Quad-C Management. “In utilizing their unitranche offering, we appreciated the speed and simplicity it brought to the process.”
“Stanton has a strong track record and a proven ability to grow its product offerings and expand successfully into new markets,” said Doug Koch, managing director of Antares Capital. “They are a leader in their market and we look forward to working with Stanton management and Quad-C as they pursue continued growth opportunities for the business.”
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.
LStar Capital is the credit affiliate of Lone Star Funds, a global private equity firm that invests in real estate, equity, credit and other financial assets.
Antares Capital is a provider of financing solutions for middle-market, private equity-backed transactions with offices in Atlanta, Chicago, Los Angeles, New York, Toronto and Norwalk, CT.