CHICAGO--(BUSINESS WIRE)--Antares Capital announced today it is serving as administrative agent and lead left arranger on a $425 million senior secured credit facility to support the acquisition of EPIC Insurance Brokers & Consultants (“EPIC”) by Oak Hill Capital Partners.
Headquartered in San Francisco, CA, EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. The company has 1,100 team members operating from offices across the U.S., providing solutions to more than 20,000 clients.
“We were pleased to have Antares lead the financing for our investment in EPIC,” said Stratton Heath, partner with Oak Hill Capital Partners. “Their deep understanding of the insurance brokerage space, combined with the speed and flexibility in which they approach all of their transactions, gave us the confidence we needed to ensure an optimal financing solution.”
“It was great to work with Oak Hill on their latest investment,” said Ken Chen, senior vice president with Antares Capital. “EPIC is a market leader with a strong management team and impressive organic growth. With support from Oak Hill, we look forward to seeing EPIC’s next phase of growth.”
About Oak Hill Capital Partners
Oak Hill is a private equity firm managing funds with more than $10 billion of initial capital commitments since inception from leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, insurance companies, financial institutions, consultants, and family offices. Over the past 30 years, the professionals at Oak Hill and its predecessors have invested in 85 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. More information: http://oakhillcapital.com/
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 2017 Lender of the Year by ACG NY and 2015 Dealmakers 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.