Antares has provided financing to back Parthenon Capital’s recapitalization of RxSense. No financial terms were disclosed. Based in Boston, RxSense is a healthcare tech company.
CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as lead left arranger and is acting as administrative agent on a senior secured credit facility to support Parthenon Capital’s growth recapitalization of RxSense.
Founded in 2015 in Boston, MA, RxSense is a high-growth healthcare technology company that utilizes its proprietary technology platform to provide innovative prescription savings solutions to consumers and pharmacy benefits administration and analytics to enterprise customers.
“The Antares team did an exceptional job throughout this transaction from underwriting through closing,” said Bill Winterer, partner at Parthenon Capital, Head of Capital Markets and Investment Committee member. “Their healthcare and technology sector experience and professionalism combined with timely feedback and a flexible hold size allowed us to close successfully during highly fluid market conditions.”
“We were pleased to support Parthenon’s investment in RxSense, a market leader with a strong management team and significant growth potential,” said Justin Small, senior vice president with Antares. “Their research driven approach and deep sector knowledge will be a benefit to RxSense as they continue to execute on their growth strategies.”
With approximately $27 billion of capital under management and administration as of December 31, 2019, 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”).