CHICAGO--(BUSINESS WIRE)--Antares Capital announced today it is serving as administrative agent, sole lead arranger and bookrunner on a senior secured credit facility to support the acquisition of Mobileum, Inc. (Mobileum) by Audax Private Equity (Audax).
Headquartered in Santa Clara, California, Mobileum is a leading provider of mobile telecom roaming and analytics software. Since its founding in 2001, Mobileum has been a key partner to over 600 mobile operator networks across 170 countries. Mobileum provides products including Voice and Data Roaming, Fraud Analytics, Data Monetization, Analytics for Customer Experience and Service Performance Measurement & Assurance, which allow operator networks to deliver a superior customer experience and grow revenue.
“Antares once again delivered a financing solution to support our needs,” said Brian Doherty, senior vice president for Audax. “Throughout the process, the team was flexible, knowledgeable and responsive.”
“Mobileum is an innovative market leader that has differentiated itself from competitors, and continues to develop offerings to meet the evolving needs of its diverse customer base,” said John Goodwin, managing director with Antares. “We welcome Mobileum to our portfolio and we look forward to supporting Audax as they seek continued growth for the company.”
About Audax Private Equity
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 100 platform and 511 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit www.audaxgroup.com.
About Antares Capital
Antares Capital is a 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.