CHICAGO--(BUSINESS WIRE)--Antares Capital announced today it is serving as administrative agent and lead left arranger on a senior secured credit facility to support the acquisition of CIBT Global, Inc. (CIBT) by Kohlberg & Company (Kohlberg).
Headquartered in McLean, VA, CIBT employs nearly 1,300 employees across 15 countries worldwide, including the U.S., United Kingdom, Germany, Australia, and the Netherlands. The company serves all major travel lanes requiring visas from these and numerous other jurisdictions. As a global leader in visa and immigration services, CIBT works side-by-side with its corporate and individual clients in these highly complex and time-sensitive processes.
“The Antares team leveraged their knowledge of CIBT and their capital markets expertise to deliver another successful debt financing for our firm,” said Ahmed Wahla, partner at Kohlberg. “We value having Antares as a financing solutions provider due in part to their flexibly, responsiveness and proven ability to execute.”
“CIBT is a clear leader in the industry offering its customers a significant value proposition,” said Vince Di Grande, vice president with Antares. “We’re pleased to continue our longstanding relationship with CIBT, and look forward to supporting CIBT management and Kohlberg as they execute on the company’s future growth initiatives.”
CIBT, headquartered in McLean, Virginia, is the leading global provider of mobility services including visa, passport, and immigration documentation. Through operations in North America, Europe, South America, Asia, and Oceania, CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies, and individual travelers. CIBT assists over one million individuals annually to obtain visas, passports, work permits, and related documents required for global mobility. CIBT’s services simplify the time consuming and complicated process of obtaining required travel documents and work authorizations, while providing an accurate and compliant service for corporate customers. For more information, please visit www.cibtvisas.com.
Kohlberg & Company, L.L.C. (“Kohlberg”) is a leading private equity firm headquartered in New York. Since its inception in 1987, Kohlberg has organized eight private equity funds, through which it has raised $7.5 billion of committed equity capital. Over its nearly 30-year history, Kohlberg has completed 70 platform investments and over 150 add-on acquisitions, with an aggregate transaction value in excess of $10 billion. For more information, please visit www.kohlberg.com.
About Antares Capital
Antares Capital is a credit manager and leading provider of financing solutions for middle-market, private equity-backed transactions. Offices are located in Atlanta, Chicago, Los Angeles, New York, Norwalk and Toronto. Antares issued more than $18 billion in financing during 2016, and was named 2015 Dealmakers of the Year and 2014 Lender of the Year by Mergers & Acquisitions. Visit us at www.antares.com or follow Antares Capital on Twitter at https://www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP.