Antares Capital announced it is serving as administrative agent, joint lead arranger and joint bookrunner on a senior secured credit facility to support The Riverside Company’s acquisition of Momentum Textiles. Riverside bought Momentum from Norwest Equity Partners for an undisclosed price.
Antares Capital Supports The Riverside Company’s Acquisition of Momentum Textiles
April 04, 2016 03:22 PM Eastern Daylight Time
CHICAGO–(BUSINESS WIRE)–Antares Capital announced today it is serving as administrative agent, joint lead arranger and joint bookrunner on a senior secured credit facility to support the acquisition of Momentum Textiles by The Riverside Company.
Headquartered in Irvine, CA, Momentum Textiles designs and manufactures commercial upholstery for the office, healthcare and hospitality markets.
“We appreciate the collaborative and flexible approach of the Antares team, and we’re pleased to be working with them once again on this transaction,” said Karen Pajarillo, partner, of The Riverside Company.
“We have a longstanding relationship with Riverside, so we’re pleased to continue working with them and the team at Momentum, a company we’ve been supporting over the last five years,” said Brian Polomsky, managing director with Antares Capital. “Riverside’s operational expertise together with Momentum’s premium quality product will serve them well as they pursue growth for the business.”
About The Riverside Company
The Riverside Company (https://www.riversidecompany.com/) is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 420 transactions. The firm’s international portfolio includes more than 80 companies.
About Antares Capital
Antares Capital is the leading provider of financing solutions for middle-market, private equity-backed transactions with offices in Atlanta, Chicago, Los Angeles, New York, Norwalk (Connecticut) and Toronto. Antares has facilitated more than $120 billion in financing over the past five years, and was named 2015 Dealmakers of the Year by Mergers & Acquisitions. Antares was also recognized as 2014 Lender of the Year by Mergers & Acquisitions and was 2013 Lender of the Year, North American and Mid-Cap Lender of the Year, North America by Private Debt Investor and Private Equity International, respectively. Visit us at www.antares.com or follow Antares Capital on Twitter at https://www.twitter.com/antarescapital.
Carol Ann Wharton, 203-229-1930