Middle Market Growth Program Supports Snow Phipps Group’s Acquisition of Winchester Electronics

CHICAGO--()--The Middle Market Growth Program (MMGP), jointly managed by Antares and LStar Capital, announced today it has closed a senior secured unitranche credit facility to support the acquisition of Winchester Electronics by Snow Phipps Group.

Headquartered in South Norwalk, Conn., Winchester is a leading provider of custom engineered interconnect solutions for high reliability applications in the military / aerospace, medical, semiconductor, data infrastructure, test & measurement, oil and gas, and other diversified end markets.

“We work with Antares frequently because of the thoughtfulness and predictability of their financing structuring and documentation,” said John Pless, partner with Snow Phipps Group. “Our familiarity with Antares and their collaboration with LStar enabled the speed we were seeking for this financing.”

“We are pleased to continue our successful relationship with Snow Phipps and to utilize our unitranche offering to support their most recent investment,” said Doug Cannaliato, senior managing director of Antares Capital. “Winchester’s ability to produce highly engineered products to support mission critical functions for key industries, such as healthcare, aerospace and the military, have made them a leader in their industry. We look forward to working with Winchester management and Snow Phipps as they pursue growth opportunities for the business.”

MMGP provides private equity sponsors and borrowers with access to first lien unitranche loans. MMGP does not require rating agency meetings or a syndication process so transactions can close in as few as three weeks. MMGP has the ability to provide up to $250 million in financing for a single transaction.

About Snow Phipps Group

Snow Phipps is a private equity firm focused on middle-market control investments, targeting platform companies with enterprise values ranging from $100 million to $500 million. The firm utilizes an operating partner model to invest across the industrials, services, and consumer industries and seeks value creation through an operationally focused strategy. To learn more about Snow Phipps, visit www.snowphipps.com.

About LStar Capital

LStar Capital is the credit affiliate of Lone Star Funds, a global private equity firm that invests in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized sixteen private equity funds with aggregate capital commitments totaling over $65 billion. Visit us at www.lstarcap.com

About Antares Capital

Antares Capital is the leading provider of financing solutions for middle-market, private equity-backed transactions with offices in Atlanta, Chicago, Los Angeles, New York, Norwalk (Connecticut) and Toronto. Antares has facilitated more than $120 billion in financing over the past five years. Antares 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.

Contacts

Antares Capital
Carol Ann Wharton, 475-266-8053
carolann.wharton@antares.com

Contacts

Antares Capital
Carol Ann Wharton, 475-266-8053
carolann.wharton@antares.com