Antares Capital is serving as administrative agent and joint lead arranger on a $76.7 million senior secured credit facility to support the acquisition of Omega Acquisition Corporation (“Omega”) by AEA Investors (“AEA”).
Based in Irving, TX, Omega is a leading global provider of aftermarket climate control components for a broad range of vehicles, including light vehicles, heavy duty trucks, agricultural/off-road equipment and specialty markets.
“We are pleased to lead the financing for this latest AEA investment,” said Graham Manley, managing director with Antares Capital. “Omega is a market leader with strong growth potential and a solid management team. We look forward to supporting AEA and Omega management as they continue to execute upon their growth strategy both domestically and overseas.”
Omega Acquisition Corporation, is a leading global provider of aftermarket climate control components for a broad range of vehicles, including light vehicles, heavy duty trucks, agricultural/off-road equipment and specialty markets. With sales to over 86 countries, Omega has established a leading market position by providing a diverse range of customers with a combination of products and solutions to meet their distinct channel and market requirements.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA’s active individual investors (the “Participants”) include a network of more than 75 of the world’s leading industrial families, business executives and former government leaders. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10.0 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer / retail and services.
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.