CHICAGO--(BUSINESS WIRE)--Antares Capital announced today it is serving as administrative agent and sole lead arranger on a senior secured credit facility to support the acquisition of Nutraceutical International Corporation (“Nutraceutical”) by HGGC.
Headquartered in Park City, UT, Nutraceutical is a leading manufacturer of nutritional supplements, personal care and healthy foods sold in health and natural food stores.
“We knew the Antares team would work quickly to understand the complexities of the deal and ultimately play a critical role in the overall success of the transaction,” said Steven Leistner, principal with HGGC. “We have worked with Antares since the inception of our firm, and we appreciate the flexibility and certainty of execution they bring to the table.”
“We are pleased to support HGGC on this latest addition to their portfolio,” said Ryan Simpson with Antares Capital. “Nutraceutical has a strong market position and a loyal customer base driven by the strength of brands it offers. We look forward to working closely with them and HGGC in this next phase of their growth.”
HGGC is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its “Advantaged Investing” model that enables the firm to source and acquire scalable businesses at attractive multiples through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed more than 75 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of more than $14 billion. More information is available at www.hggc.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.