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Antares Capital Supports Accel-KKR’s Acquisition of SciQuest

August 24, 2016, 07:11 AM
Filed Under: Technology

Antares Capital announced it served as administrative agent, sole lead arranger and bookrunner on a senior secured credit facility to support the acquisition of SciQuest, Inc. by Accel-KKR.

Based in Morrisville, NC, SciQuest, Inc., is a leading provider of end-to-end spend management solutions serving a wide range of industries and organizations including many of the Global Fortune 500.

“The Antares team delivered with a combination of software industry expertise, flexibility and customer focus,” said Dean Jacobson, managing director with Accel-KKR.

“SciQuest has an extensive breadth and depth to their product offering and strong customer relationships, so we’re pleased to have supported this next phase in their evolution, and we welcome them to our TMT portfolio,” said Matthew Fleming, managing director with Antares Capital. “We look forward to working with Accel-KKR and SciQuest as they continue to grow and innovate.”

SciQuest is a leading provider of end-to-end spend management solutions delivering value beyond savings. Through the continued release of key innovative technology and a fanatical drive toward making customers successful, SciQuest delivers value in user experience, productivity and operational efficiency. The company’s cloud-based, mobile-enabled, source-to-settle platform addresses all stages of procurement from the automation of core processes to enabling sophisticated, strategic and multifaceted sourcing solutions.

Accel-KKR is a technology-focused investment firm with $4 billion in capital commitments. The firm invests in software and IT enabled businesses well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions from minority-growth investments to buyouts, recapitalizations, divisional carve-outs and going-private transactions.

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.

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