NewswireToday - /newswire/ -
Chicago, IL, United States, 2014/04/21 - GE Antares, a unit of GE Capital, announced it is administrative agent on a $66 million senior secured credit facility to support the acquisition of Gold Star Foods by Castle Harlan - CastleHarlan.com / GEAntares.com. NYSE: GE
GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Headquartered in Ontario, California, Gold Star Foods is a leading distributor of food to K-12 schools serving over 3,500 schools in over 380 districts. The company has been recognized nationwide by the United States Department of Agriculture and the American School Food Service Association as one of the outstanding food service distributors to school districts.
“GE Antares is a long-term partner to Castle Harlan. Their constructive financing structure and ability to move quickly through every stage of the deal process made them an excellent financing partner,” said Bill Pruellage, Co-President of Castle Harlan.
“I’m excited to be financing another successful acquisition by Castle Harlan,” said Doug Cannaliato, managing director of GE Antares,“In partnership with management, Castle Harlan will enable Gold Star Foods to continue to grow, and we look forward to helping finance this growth.”
About Castle Harlan
Castle Harlan (castleharlan.com), founded in 1987, invests in controlling interests in the buyout and development of middle market companies worldwide. The Castle Harlan team of 18 investment professionals has completed 54 acquisitions with a total transaction value in excess of $11 billion. Castle Harlan, along with its affiliates, has managed investment funds with equity commitments of over $6 billion. The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s. Since 1999 Castle Harlan has invested in Australia and Southeast Asia with its affiliate CHAMP Private Equity in Sydney and Singapore.
About GE Antares Capital
GE Antares (geantares.com) is a unit of GE Capital. We are builders, not bankers. 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.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.
Contact: Tara Lambropoulos - GE Capital, Americas
P: 312 441 7854 - M: 312 802 9712 - E: Tara.Lambropoulos[.]ge.com.