Monica Kelsey joined Antares Capital, a private debt credit manager with more than $45.4 billion of capital under management and administration, as CFO. Additionally, Benjamin Concessi will join the firm as head of strategy and corporate development, a new role.
Thoma Bravo completed its acquisition of Medallia in an all-cash transaction valued at $6.4 billion. Blackstone Credit, certain funds managed by affiliates of Apollo Capital Management, KKR Credit, Thoma Bravo Credit and Antares Capital are providing the debt financing for the transaction.
Timothy Lyne, founding partner and current chief operating officer of Antares Capital, will succeed David Brackett as CEO of the firm. Brackett will retire from his role as CEO on Dec. 31 and will remain with Antares in an advisory capacity.
Jeffrey Stammen joined Antares Capital, a private debt credit manager with more than $30 billion of capital under management and administration, as managing director and head of investor coverage in asset management.
The middle market is ripe with opportunity in 2021 with heightened expectations for deal-making as well as widespread global economic optimism, according to a survey from Antares Capital.
Antares closed more than 220 transactions in 2020, issuing nearly $14 billion in financing commitments to middle market, private equity-backed companies.
Antares Capital served as sole lead arranger and administrative agent on senior secured credit facilities to support the acquisition of Clinical Education Alliance by The Riverside Company.
Antares Capital served as joint lead arranger and is acting as administrative agent on $1.4 billion in senior secured credit facilities to support Harvest Partners’ investment in Galway Insurance Holdings, the holding company for EPIC Brokers & Consultants and JenCap.
Antares Capital served as lead arranger and administrative agent on senior secured credit facilities to support the acquisition of Montreal-based healthcare software company Logibec by Novacap.
Service Logic was acquired by Leonard Green & Partners from private equity firm Warburg Pincus. Debt financing for the transaction was provided by JPMorgan Chase Bank, Morgan Stanley, Antares Capital and Crescent Capital.