FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

GE Antares Capital Agents $166MM Cross-Border Facility for Audax Acquisition

April 25, 2014, 07:38 AM
Filed Under: Manufacturing

GE Antares, a unit of GE Capital, is serving as administrative agent on a $166 million multi-currency, cross-border credit facility to support the acquisition of Luminator Technology Group, LLC by Audax Group. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.

"GE has led the financing for many of Audax' platform investments. Their reliable execution, spirit of partnership and creative financing solutions make them a trusted partner to Audax and our portfolio companies," said Geoff Rehnert, co-chief executive officer of Audax Group.

Headquartered in Plano, Texas, Luminator Technology Group is a leading global designer and manufacturer of engineered display, lighting, and passenger communication systems that illuminate, inform and improve the experience of bus, rail, and aerospace passengers worldwide. The company serves municipal transportation systems, OEMs and their suppliers throughout the world.

"GE Capital was able to provide value to Audax in its ability to deliver commitment certainty, cross-border capabilities, and speed to close on a complex transaction," said John Goodwin, managing director of GE Antares, "We look forward to supporting Luminator as the company continues to grow, both domestically and abroad."

Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston, New York and Menlo Park, Audax has over $5 billion in assets under management in its private equity, mezzanine and senior debt businesses.

With offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco, GE Antares is a leading middle-market lender, offering a "one-stop" source for GE's lending and other services offered to middle market private equity sponsors. GE Antares was recognized by Private Debit Investor and Private Equity International as 2013 Lender of the Year, North America and Mid-Cap Lender of the Year, North America, respectively.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.