CHICAGO--(BUSINESS WIRE)--The Middle Market Growth Program (MMGP), a joint venture between Antares and LStar Capital, announced today it has closed a $186.5 million senior secured unitranche credit facility to support the acquisition of Crisis Prevention Institute (CPI) by FFL Partners.
Headquartered in Milwaukee, WI, CPI provides mission critical training in de-escalation of aggressive behaviors for “duty of care” providers at schools, hospitals, mental health clinics, long-term care facilities, juvenile detention centers, and other organizations. Since its founding in 1980, CPI’s curriculum has helped customers ensure effective management of crisis situations, resulting in reduction of risk, injuries, and compensation claims, while improving employee retention and morale.
“We appreciated the speed and certainty of the Antares and LStar MMGP offering,” said Rajat Duggal, Managing Director with FFL Partners. “They worked closely with us throughout the process and efficiently delivered the financing we required.”
“Our team was pleased that our unitranche product met FFL Partners’ needs, and we look forward to supporting them on future transactions,” said Mary Gaede, Managing Director with Antares Capital. “With a global customer base and a growing demand for crisis prevention and de-escalation training, CPI and FFL Partners have a great opportunity ahead of them.”
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 FFL Partners
FFL Partners is a San Francisco-based private equity firm with over $4.5 billion under management. For over fifteen years, the firm has helped build industry-leading companies, providing capital and advice to exceptional management teams to grow businesses and unlock value. FFL has deep experience in investing and operations, and has brought large-company best practices and professional networks to smaller companies. Business growth has provided over 75% of the value created by FFL for its investors. FFL invests in consumer products and services, financial services, healthcare services, business services and industrials. For additional information about FFL, please visit FFL’s website at www.fflpartners.com.
About Crisis Prevention Institute, Inc.
Crisis Prevention Institute is the world’s leading training organization specializing in the safe management of disruptive and assaultive behavior. CPI was established in 1980 for human service professionals to address the need for training in safe, respectful, noninvasive methods. Over 10 million human service professionals around the world have participated in CPI training programs to learn proven strategies for safely resolving situations when confronted by anxious, hostile, or violent behavior, while protecting the therapeutic relationships with those in their care. For additional information about CPI, please visit CPI’s website at www.crisisprevention.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 seventeen private equity funds with aggregate capital commitments totaling over $70 billion. Visit us at www.lstarcap.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.