Antares Capital has provided a senior secured credit facility to back Sentinel Capital Partners’ acquisition of San Antonio, Texas-based UBEO, a provider of business technology products and services. No financial terms were disclosed.
CHICAGO–(BUSINESS WIRE)–Antares Capital (“Antares”) announced today it is serving as administrative agent and lead arranger on a senior secured credit facility to support the acquisition of UBEO by Sentinel Capital Partners (“Sentinel”).
Headquartered in San Antonio, TX, UBEO is a premier provider of business technology products and services throughout the continental U.S. The company sells and services office copier and printer fleets, and provides hardware and software solutions to optimize business operations.
“Antares’ knowledge of the sector, significant hold size and flexibility helped support our needs,” said Scott Perry, partner with Sentinel. “We appreciate their ability to execute quickly and with certainty.”
“The UBEO management team’s depth of experience has helped to build the company into a market leader with strong financial results,” said Dan Glickman, senior managing director for Antares. “We welcome UBEO to our portfolio of borrowers, and look forward to working with them and Sentinel as together they continue to grow and expand the company.”
About Sentinel Capital Partners
Sentinel Capital Partners specializes in buying and building businesses at the lower end of the midmarket in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of up to $65 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds. For more information about Sentinel, visit www.sentinelpartners.com.
With more than $20 billion of capital under management and administration, Antares Capital is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2017, Antares issued over $21 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 was the lead left arranger for approximately $17 billion of 1st lien and 2nd lien credit facilities during 2017, and the Company’s 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 2017 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York, Norwalk, CT 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.