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GE Antares Capital Finances Acquisition of The Home Décor Companies

August 29, 2014, 07:39 AM
Filed Under: Distribution

GE Antares, a unit of GE Capital, served as administrative agent on a $315 million senior secured credit facility to support the acquisition of The Home Décor Companies by Nielsen & Bainbridge, LLC, a portfolio company of Kohlberg & Company. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.

Headquartered in Southaven, MS, The Home Décor Companies is a leading provider of home décor products, services and solutions to North American retailers such as HomeGoods, Lowe’s, Wal-Mart and Target. Combining the company with Nielsen & Bainbridge (N&B)’s custom and ready-made picture frame business significantly expands N&B’s product lines and customer base and provides new revenue opportunities. The combined company will operate under the name NBGHome.

“GE Antares is a longstanding trusted business partner to Kohlberg,” said Seth Hollander, partner at Kohlberg. “Their responsiveness and their syndication expertise made them an ideal financing choice for creating NBGHome.”

“We're pleased to provide debt financing to NBG Home and Kohlberg in support of the acquisition of The Home Décor Companies,” said Chet Zara, senior managing director of GE Antares. "We look forward to continuing to support Kohlberg and management as they pursue the exciting growth opportunities at NBGHome.”

Headquartered in Southaven, MS, The Home Décor Companies combined to be the market leader in portable lighting in the United States as well as the #2 supplier of wall décor and a rapidly growing player in the decorative soft goods and accent furniture categories. THDC’s products are marketed under various labels, including Jimco, J. Hunt Home, Patton Picture and Thro.

Headquartered in Austin, Texas, Nielsen Bainbridge is an international company owned by Kohlberg & Company, a New York-based private equity firm, and is one of the world's leading producers and distributors of high quality picture framing products, marketed under brands such as Pinnacle, Burnes, Nielsen and Bainbridge. A world leader in research, innovation and ground-breaking new products, Nielsen Bainbridge anticipates the latest styles and trends, to give customers the most desirable products.

Kohlberg & Company, LLC is a leading U.S. private equity firm headquartered in Mt. Kisco, New York. Since its inception in 1987, Kohlberg has completed more than 62 platform investments and more than 100 add-on acquisitions, with aggregate transaction value in excess of $9 billion.

GE Antares is a unit of GE Capital. With offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco, GE Antares is a leading middle market lender, offering a “one-stop” source for GE’s lending and other services offered to middle market private equity sponsors. GE Antares was recognized by Private Debt Investor and Private Equity International as 2013 Lender of the Year, North America and Mid-Cap Lender of the Year, North America, respectively.

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