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 recapitalization of Bettcher Industries, Inc. (“Bettcher”) by Morgenthaler Private Equity (“MPE Partners” or “MPE”).
Headquartered in Birmingham, OH, Bettcher Industries is a leading worldwide manufacturer of food processing and foodservice equipment and medical devices. The company has a worldwide customer base with additional offices supporting direct sales efforts in Europe, South America and Asia.
“We were pleased to bring in the Antares team to lead the financing for our investment in Bettcher Industries,” said Karen Tuleta, partner with Morgenthaler Private Equity. “They were flexible and moved quickly to provide the financing we needed for a simple and straightforward closing.”
“We appreciate working with MPE once again on their latest acquisition,” said Kevin Fitzgerald, senior vice president with Antares. “The MPE team has invested in a company with a long, successful history and strong market position. We’re excited to see the evolution of Bettcher under the guidance and support of its new owners.”
About Morgenthaler Private Equity
Morgenthaler Private Equity (“MPE Partners” or “MPE”) seeks to be the preferred partner for entrepreneur and family-owned companies. Based in Cleveland, OH and Boston, MA, MPE invests in profitable, middle market companies. MPE has two primary investment areas: high-value manufacturing and industrial services. For more information, please visit www.mpepartners.com.
About Antares
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.