Antares Capital provided a loan to back ABRY Partners’ buy of SambaSafety. Financial terms weren’t announced. Albuquerque, New Mexico-based SambaSafety provides driving and fleet safety solutions and motor vehicle records.
April 29, 2016 12:59 PM Eastern Daylight Time
CHICAGO–(BUSINESS WIRE)–Antares Capital announced today it is serving as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support the acquisition of SambaSafety by ABRY Partners.
Headquartered in Albuquerque, NM, SambaSafety provides driving and fleet safety solutions and motor vehicle records to every industry across the U.S.
“Antares’ flexibility and strong presence in the technology space made them a great partner on this transaction,” said Nathan Ott, principle for ABRY Partners.
“We’re pleased to have supported ABRY on this transaction,” said Sean Sullivan, managing director for Antares Capital. “SambaSafety’s experienced management team and innovative approach together with ABRY’s expertise is a strong combination.”
Since 1998, SambaSafety has been the market leader in cloud-based risk management solutions for organizations with commercial and non-commercial drivers. Our innovative driver risk platform, anchored by FCRA compliant data, continuously monitors drivers to deliver a comprehensive view of driver behavior and performance to organizations across the nation. SambaSafety is unique in the industry as our solution delivers actionable alerts that improves driver performance, reduces accidents, lowers insurance costs, and limits risks—ultimately improving driver and community safety. For more information, go to www.sambasafety.com.
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 $42 billion of transactions, representing investments in more than 450 properties.
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. Antares Capital is a subsidiary of Antares Holdings LP.