NewswireToday - /newswire/ -
Chicago, IL, United States, 2014/04/24 - GE Antares announced that it 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 - AudaxGroup.com / GEAntares.com. NYSE: GE
GE Antares, a unit of GE Capital, announced today that it 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.
ďGE has led the financing for many of Audaxí platform investments. Their reliable execution, spirit of partnership and creative financing solutions make them a trusted partner to Audax and our portfolio companies,Ē 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.
ďGE 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,Ē said John Goodwin, managing director of GE Antares,ďWe look forward to supporting Luminator as the company continues to grow, both domestically and abroad.Ē
About Audax Group
Audax Group (audaxgroup.com), 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.
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 ďone-stopĒ source for GEís 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.