Antares Capital Advisers, a subsidiary of Antares Capital closed its inaugural senior loan fund. The fund, which launched in December 2019, closed on September 14 with approximately $3 billion of asset purchasing power, exceeding its initial target of $1.5 billion.
Antares served as lead left arranger and is acting as administrative agent for a senior secured credit facility to support Sentinel Capital Partners’ acquisition of ECM Industries.
Antares Capital, Bain Capital, First Eagle Investment Management, and Varagon Capital agreed to provide debt financing to Wind Point Partners’ acquisition of A&R Logistics.
The Antares Bain Capital Complete Financing Solution closed a $270 unitranche credit facility to support the acquisition of Comprehensive Pharmacy Services by Frazier Healthcare Partners.
Antares Capital released the results of its third annual market outlook survey of middle market private equity borrowers, sponsors and investors, Antares Compass. Despite the rocky end for markets in 2018, confidence among middle market participants appears to be holding up well in 2019.
Antares served as joint lead arranger, sole bookrunner and administrative agent for a senior secured credit facility to refinance existing debt and provide additional debt financing for 365 Data Centers.
Antares Capital co-CEO and founding partner John Martin will retire at the end of April. Co-CEO David Brackett will become sole CEO. Brackett and Martin have served as co-CEOs since 2015, and both were founding partners of the firm in 1996.
Antares Capital closed more than 300 transactions in 2018 and issued nearly $25 billion in financing commitments, including $1.5 billion in new unitranche program commitments and $15 billion in syndicated credit facilities.
Antares Capital served as sole lead arranger, sole bookrunner and administrative agent on a senior secured credit facility to support Industrial Growth Partners’ acquisition of Electric Power Systems International.
Antares Capital served as sole bookrunner, joint lead arranger and administrative agent on a senior secured credit facility to support ONCAP’s recapitalization of Walter Surface Technologies.