Antares said it was the lead arranger and administrative agent on senior secured credit facilities that backed the acquisition of Logibec, a Montreal-based healthcare information technology company. No financial terms were disclosed. Canadian mid-market private equity firm Novacap earlier this month announced its purchase of Logibec.
CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of Logibec by Novacap.
Headquartered in Montreal, Canada, Logibec is a Montreal-based healthcare software company.
“The Antares team has a strong knowledge of the healthcare IT space and of Logibec, in particular, making them an ideal lead for this transaction,” said Eric Desrosiers, senior partner with Novacap. “Additionally, we know that when we work with Antares, they reliably deliver with speed and flexibility.”
“As a leading provider of healthcare IT solutions in Quebec with an entrenched and long-standing customer base, we’re pleased to support Novacap’s investment in Logibec,” said Paul Vannelli, senior vice president with Antares. “Led by a strong management team and with consistent historical growth, we look forward to what they’ll achieve with Novacap’s backing.”
With more than $28 billion of capital under management and administration as of June 30, 2020, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2019, Antares issued approximately $17 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 more than 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. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at
http://www.linkedin.com/company/antares-capital-lp. Antares Capital is a subsidiary of Antares Holdings LP, (collectively, “Antares”).
Founded in 1981, Novacap is a leading Canadian private equity firm with CA$3.6 billion of assets under management. Its distinct investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous portfolio companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class businesses. Backed by leading global institutional investors, Novacap’s deals typically include leveraged buyouts, management buyouts, add-on acquisitions, IPOs, and privatizations. Over the last 39 years, Novacap has invested in more than 90 companies and completed more than 140 add-on acquisitions. Novacap has offices in Brossard, Quebec and Toronto, Ontario. For more information, please visit www.novacap.ca.
Headquartered in Montreal, Canada for nearly 40 years, Logibec deploys information systems that span the clinical, operational, and business needs of complex healthcare organizations. Logibec’s clients are also empowered to improve and innovate by utilizing our industry-leading suite of actionable analytics solutions and advisory services. For more information, visit www.logibec.com.