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Antares Capital Arranges $300MM to Support Partners Group Acquisition

November 16, 2016, 08:01 AM
Filed Under: Technology

Antares Capital is serving as administrative agent and lead arranger on a $300 million senior secured credit facility to support the acquisition of Systems Maintenance Services (“SMS”) by Partners Group on behalf of its clients.

Founded in 1981 and headquartered in Charlotte, NC, SMS provides IT infrastructure services to a client base of more than 3,000 businesses. SMS is a global market leader in third-party maintenance services, which it offers in conjunction with its full suite of IT system support services. SMS has over 900 engineers on its staff and serves clients through more than 100 service centers across North America, Europe and Asia-Pacific, covering equipment from all the major IT original equipment manufacturers. In 2015, SMS recorded revenues of approximately $245 million.

“We are pleased Partners Group selected our team to lead this transaction,” said Sean Sullivan, managing director of Antares. “We look forward to supporting Partners Group and SMS management as they continue to expand the business.”

Partners Group is a global private markets investment management firm with over EUR 49 billion (USD 55 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney.

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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