The Middle Market Growth Program, jointly managed by Antares and LStar Capital, has closed a senior secured unitranche credit facility to support the acquisition of Winchester Electronics by Snow Phipps Group.

Headquartered in South Norwalk, CT, Winchester is a provider of custom engineered interconnect solutions for high reliability applications in the military/aerospace, medical, semiconductor, data infrastructure, test and measurement, oil and gas and other diversified end markets.

“We work with Antares frequently because of the thoughtfulness and predictability of their financing structuring and documentation,” said John Pless, partner with Snow Phipps Group. “Our familiarity with Antares and their collaboration with LStar enabled the speed we were seeking for this financing.”

“We are pleased to continue our successful relationship with Snow Phipps and to utilize our unitranche offering to support their most recent investment,” said Doug Cannaliato, senior managing director of Antares Capital. “Winchester’s ability to produce highly engineered products to support mission critical functions for key industries, such as healthcare, aerospace and the military, have made them a leader in their industry.”

Snow Phipps is a private equity firm focused on middle-market control investments, targeting platform companies with enterprise values ranging from $100 million to $500 million.