CHICAGO & BOSTON–(BUSINESS WIRE)–The Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares and Bain Capital Credit, today announced the closing of a senior secured unitranche credit facility to support the acquisition of Ventiv Technology by Tailwind Capital.
“The speed and certainty of execution provided through ABCS in combination with the team’s deep technology sector knowledge made this the optimal financing solution for our Ventiv Technology investment”
Founded in 1994 and based in Atlanta, GA with offices in Europe and Asia, Ventiv Technology is a leader in delivering innovative risk, insurance and claim software solutions to over 540 organizations and 350,000 users in more than 40 countries.
“The speed and certainty of execution provided through ABCS in combination with the team’s deep technology sector knowledge made this the optimal financing solution for our Ventiv Technology investment,” said Jim Hoch, partner with Tailwind Capital.
“The quality of Ventiv’s analytics platform and the ease of their platform integration has resulted in high levels of recurring revenue and strong, loyal customer relationships,” said Sean Sullivan, representative of the Antares Bain Capital Financing Solution. “We are pleased to support Tailwind Capital and Ventiv Technology as they continue to fuel Ventiv’s impressive growth trajectory.”
ABCS provides private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million in a single transaction. Without the requirement of agency meetings or a syndication process, the Antares and Bain Capital unitranche offering delivers capital with speed and certainty.
With approximately $24 billion of capital under management and administration as of December 31, 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2018, Antares issued nearly $25 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2018 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).
About Bain Capital Credit
Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $41 billion in assets under management. Bain Capital Credit invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities. Our team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across asset classes including private equity, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. Bain Capital Credit’s dedicated Private Credit Group focuses on providing complete financing solutions to businesses with EBITDA between $10 million and $100 million located in North America, Europe and Asia Pacific. Our dedicated global team affords us the ability to diligence the most complex situations and provide private capital to those companies.
Carol Ann Wharton
Bain Capital Credit