CHICAGO--(BUSINESS WIRE)--Antares announced today that it served as sole lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of Clinical Education Alliance (“CEA”) by The Riverside Company (“Riverside”).
Based in Reston, VA, CEA is a global leader in the development of innovative virtual and live continuing medical education training developed by on-staff scientific experts.
“Antares’ healthcare services and continuing education sector knowledge supported their ability to commit quickly and underwrite the entire senior facility,” said Anne Hayes, partner with The Riverside Company. “We know the Antares team well and appreciate their reliability and commitment to executing flexibly and flawlessly.”
“CEA is a market leader in the oncology and infectious diseases continuing medical education training market with a strong management team and favorable tailwinds in the pharma space,” said Ken Chen, senior vice president with Antares. “We’re pleased to support Riverside and CEA as they continue to grow and execute CEA’s M&A strategy.”
With more than $28 billion of capital under management and administration as of June 30, 2020, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2019, Antares issued approximately $17 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares’ world-class capital markets experts hold relationships with more than 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital is a subsidiary of Antares Holdings LP, (collectively, “Antares”).