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Antares Capital Provides $224MM Facility in TK Enterprises Acquisition

April 06, 2016, 07:56 AM
Filed Under: Distribution

Antares Capital is serving as administrative agent and lead arranger on a $224 million senior secured credit facility to support the acquisition of TK Enterprises (“TKE”) by The Jordan Company.

Founded in 1994 and headquartered in Dallas, TX, TKE is a market leading designer, distributor and manufacturer of decorative and functional hardware as well as decorative wood and other products for the kitchen and bath industry.

“Antares’ speed, flexibility and capital markets capabilities made them the ideal partner for this transaction,” said Pete Suffredini, vice president at The Jordan Company. “We appreciate their strong commitment to TKE and look forward to future opportunities with Antares.”

“We’re excited to support The Jordan Company’s investment in TKE, a business that has been part of our portfolio for over 10 years,” said Ken Chen, vice president with Antares Capital. “TKE has a seasoned management team and differentiated business model that will continue to thrive in conjunction with the experience and expertise of The Jordan Company.”

The Jordan Company, founded in 1982, is a middle-market private equity firm that manages funds with original capital commitments in excess of $8 billion. The Jordan Company has 34 years of experience investing across a wide range of industries including business services, manufacturing, consumer products, distribution and industrial products. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.

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, and was named 2015 Dealmakers of the Year by Mergers & Acquisitions. Antares was also recognized as 2014 Lender of the Year by Mergers & Acquisitions and was 2013 Lender of the Year, North American and Mid-Cap Lender of the Year, North America by Private Debt Investor and Private Equity International, respectively.

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