The Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares Capital LP and Bain Capital Credit, LP, announced that it closed four unitranche transactions in July with new and existing borrowers totaling $794 million in credit facilities.

Launched in December 2017, ABCS brings together Antares’ leadership position and expertise in supporting the financing needs of middle market private equity sponsors and borrowers with Bain Capital’s 20-year track record of investing in middle market private debt. ABCS provides private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million in a single transaction. Without the requirement of agency meetings or a syndication process, ABCS delivers capital with speed and certainty.

Select ABCS unitranche transactions closed in July include:

Abracon /The Riverside Company

Antares and Bain Capital Credit, together with the ABCS program, served as joint lead arrangers on a $139 million senior secured credit facility to support the acquisition of Abracon by The Riverside Company. Abracon is a leading global manufacturer of passive and electromechanical timing, synchronization, power, connectivity and RF solutions.

“We appreciate the hard work and support from Antares and Bain Capital,” said Anne Hayes, partner, Capital Markets for The Riverside Company. “They quickly delivered on our expectations of a seamless and simple financing.”

AmSpec / Olympus Partners

Antares and Bain Capital Credit, together with the ABCS program, served as joint lead arrangers on a $325 million senior secured credit facility for AmSpec, an Olympus Partners portfolio company. AmSpec is a leading provider of testing, inspection, and certification services for petroleum traders and refiners.

Home Franchise Concepts (HFC) / Trilantic North America

Antares and Bain Capital Credit, together with the ABCS program, served as joint lead arrangers on a $140 million senior secured credit facility for HFC, a Trilantic North America portfolio company. The funds were used to recapitalize the business and provide a more flexible capital structure that allows for continued investment to support both organic growth and potential acquisitions. HFC is a leading franchisor in the home services category and parent company to franchise brands Budget Blinds®, Tailored Living® and Concrete Craft™.

“We value the flexibility and ease of use Antares and Bain Capital provided through ABCS,” said Ted Rosenwasser, principal for Trilantic North America.