ABRY Partners has acquired Detroit-based Nuspire Networks, a provider of managed security services. No financial terms were disclosed; however, Antares Capital provided $35 million in financing to support the transaction.
CHICAGO–(BUSINESS WIRE)–Antares Capital announced today it is serving as administrative agent and lead arranger of $35 million in senior secured credit facilities to support the acquisition of Nuspire Networks (“Nuspire”) by ABRY Partners.
Based in Detroit, MI, Nuspire is a leading global provider of managed security services delivering threat detection and remediation through a skilled team of experts, advanced R&D, and proprietary solutions that merge big data and deep human analytics. Nuspire’s Service Level Agreements take responsibility to provide 24/7/365 protection to enterprise networks with geographically dispersed locations.
“Nuspire provides an innovative and highly valued service for its managed security customers,” said Sean Sullivan, managing director for Antares. “We are pleased to support Nuspire and ABRY as they come together to drive the continued growth of the business.”
About ABRY Partners
Founded in 1989 and headquartered in Boston, Massachusetts, ABRY Partners is an experienced and successful private equity investment firm focused on media, communications, insurance, business and information services. Since its founding, ABRY has completed more than $62 billion of transactions, representing investments in more than 550 properties.
About Antares Capital
Antares Capital is a 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. Antares was named 2015 Dealmakers of the Year and 2014 Lender of the Year by Mergers & Acquisitions. Visit us at www.antares.com or follow Antares Capital on Twitter at https://www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP.