CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as a lead arranger and is acting as administrative agent for a senior secured credit facility to refinance existing debt and provide additional debt financing for New Mountain Capital’s Gelest, Inc.
Founded in 1991 and headquartered in Morrisville, PA, Gelest is a leader and innovator in materials science and technology. The company manufactures and provides silane, silicone and metal-organic compounds serving advanced technology markets worldwide.
“We were pleased to work with Antares on another transaction,” said Laura Holson, managing director and head of capital markets for New Mountain Capital. “Their ability to move quickly, speak for the entire financing solution and support Gelest’s targeted acquisition strategy made them a great fit for this financing.”
“Gelest management has a strong track record of executing their growth plan and New Mountain is a great partner with solid life-science experience,” said Douglas Cannaliato, senior managing director for Antares. “We are excited to welcome Gelest to the Antares portfolio, and to be able to support New Mountain and Gelest management on the company’s next phase of growth.”
With approximately $24 billion of capital under management and administration as of December 31, 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2018, Antares issued nearly $25 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 over 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, most recently being named the 2018 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).
Carol Ann Wharton