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Antares Supports Investment in CFGI by CVC Capital Partners Fund VIII
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
CHICAGO--(BUSINESS WIRE)--Antares announced it will act as the administrative agent for senior secured credit facilities to support CVC Capital Partners Fund VIII's investment in CFGI. All existing shareholders, including Carlyle, are reinvesting in the transaction. CFGI, founded in 2000, serves over 2,500 clients with a focus on complex accounting and process improvement. Antares has $42.9 billion in capital management and issued approximately $11 billion in financing commitments in the first half of 2021, indicating strong market positioning.
Positive
CVC's investment boosts CFGI's growth potential and market dynamics.
Antares' strong capital management of $42.9 billion supports investment activities.
The issuance of approximately $11 billion in financing commitments during H1 2021 showcasing robust business operations.
Negative
None.
CHICAGO--(BUSINESS WIRE)--
Antares announced today that it is acting as administrative agent on senior secured credit facilities to support CVC Capital Partners Fund VIII’s (“CVC”) investment in CFGI. All existing shareholders are reinvesting in the transaction in partnership with CVC, including funds managed by global investment firm Carlyle (NASDAQ: CG), co-founders and co-CEOs Nick Nardone and Shane Caiazzo, and the partners of CFGI.
Founded in 2000 and headquartered in Boston, MA, CFGI serves the Office of the CFO as an independent advisor to assist with complex accounting and process improvement needs. Operating without the restrictions created by auditor independence regulations, CFGI serves more than 2,500 clients nationally with a team of over 650 professionals across 12 offices.
“CFGI management with Carlyle’s support has built CFGI into a market leading company with excellent continued growth potential,” said Paul Vannelli, senior vice president for Antares. “With the addition of CVC’s investment, the team has the backing and expertise required to accelerate growth and capitalize on favorable market dynamics.”
About Antares
With more than $42.9 billion of capital under management and administration as of June 30, 2021, Antares is a private debt credit manager and a leading provider of financing and investment solutions for middle-market private equity-backed borrowers and investors. In the first half of 2021, Antares issued approximately $11 billion in financing commitments across more than 135 transactions. Since its founding in 1996, Antares has built one of the industry’s largest and longest-tenured portfolios of middle market companies, and has been recognized by industry organizations as a leading provider of middle market private debt. Through its Asset Management & Funding team, Antares offers investors the opportunity to invest in collateralized loan obligations, funds and separately managed accounts. Antares is committed to championing middle market growth throughout market cycles. Doing so allows its people, partners and communities to achieve their full potential. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital is a subsidiary of Antares Holdings LP, (collectively, “Antares”).
