ANTARES CAPITAL. The Canada Pension Plan Investment Board is buying Antares Capital, the U.S. sponsor lending portfolio of GE Capital, for total consideration of about $12-billion A private venture capital firm investing equity capital in developmental and expansion stage companies and in management buy out opportunities ; Our partners are highly experienced operating managers and entrepreneurs, willing to be constructive and helpful to the management teams running the companies in our portfolio. Source: Bloomberg, Antares July 2020 The European Central Bank (ECB) announced its own program labelled the Pandemic Emergency Purchase program to support markets and the eurozone economy. The current Antares layoffs are less due to Covid-19 and more to secular market shifts, the spokeswoman said. This copy is for your personal, non-commercial use only. A free inside look at company reviews and salaries posted anonymously by employees. Curious how, with one exception, there was virtually no mention of Sun Capital’s involvement in any of the papers. Transformational Transaction Creates One of the Largest Automotive Service Providers in the U.S. David and Stephen Sorbaro Will … Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 1; bank lending. Many of those let go were deal makers within Antares capital markets, people said. Detailed rankings across overall employee satisfaction, leadership, career growth prospects, work/life balance and more. For the best Barrons.com experience, please update to a modern browser. “Antares has been a flexible and supportive partner as we’ve executed on a very aggressive expansion strategy over the last several years. This has put millions of people out of work. The deal was valued at $12 billion. View Shiv Kariwala’s profile on LinkedIn, the world's largest professional community. They act with a sense of urgency and as a collaborative partner to help ensure our success. Barron's; 07/15/20; Barron's; Boeing Payments Give GE Cash Flow a Lift, UBS Says. Antares Capital Hit With Layoffs as Deals Slide Yahoo 07/16 18:02 ET. Senior Managing Director Chicago. Antares Capital Layoffs. Antares, through its investment side, had made hay charging acquisition and capital market fees arranging financing for the real estate side, a 2 percent cut on every transaction the company closed. I helped the company grow in technology over seven years to ultimately sell for over a billion dollars. Antares Capital Hit With Layoffs as Deals Slide. EL SEGUNDO, CA 7,000 SF. That’s why Mergers & Acquisitions calls us “a shining example of those who thrive even in uncertain conditions.”, “I’ve worked with the Antares team for 17 years and have always been impressed by the care they take in understanding the dynamics of our business. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The layoffs were done as the company is realigning staffing levels across the business in the context of significantly changing market dynamics. Antares Capital francophone international. The company is registered in Luxembourg with its headquarters in London in the United Kingdom. Approximate invested and available capital (including on balance sheet, through joint ventures, contract investor programs and advised clients) as of June 30, 2020. With a time-tested, credit-based approach and reliable execution, we aim to deliver results for all our clients. It competes against rivals such as Golub Capital (Ticker: GBDC), Madison Capital Funding and View the latest news on NKSH company insiders for their impact on company performance. Thomson Reuters StreetEvents. Designed an environment that struck the right balance between open collaboration and individual workspaces; Several wellness features empower employees to lead a healthier lifestyle, including an onsite gym with a fitness trainer, a mother’s room and a meditation lounge; GE cash flow on the mend thanks to Boeing, UBS analyst says Antares Capital is the leading provider of financing solutions for middle-market, private equity-backed transactions. Among the largest players in the booming market are household names in the direct-lending world — Varagon Capital Partners, Twin Brook, Ares Management, Golub Capital and Antares Capital… Worked closely with the parent company Mass Mutual on Disaster Recovery (Business Continuity Planning) and testing. It’s nice to know they have our back.”. Prior … General Electric (GE) Dips More Than Broader Markets: What You Should Know Yahoo 07/16 17:45 ET. This demonstrates their strong emphasis on credit quality and creates better alignment of interest across the entire syndicate.”, We provide more capital solutions and close more transactions for middle-market sponsors than anyone else.3  We do it year after year. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Many members of our senior leadership team — backed by an expert group of dedicated industry professionals — have helped our sponsors and borrowers succeed for more than 20 years. Read employee reviews and ratings on Glassdoor to decide if Antares Capital … We have the breadth of expertise these clients can rely on over the long haul, even during uncertain times. The CLO represents the eighth CLO issued by Antares, bringing the company’s total CLO … View Bio. Subsea 7 S.A. is a subsea engineering, construction and services company serving the offshore energy industry. 6:00p. Prior to joining Altaris, Lana was a member of the credit team at Antares Capital where she was responsible for structuring, underwriting, documenting and managing private equity-backed transactions. At Antares we are proud to be different by being consistent. Looking to the future: Biden’s proposed tax plan. I started at Antares Capital as a consultant, then accepted a full time position as Senior Engineer.
Mental health is not an all-or-nothing concept. There are no industry restrictions, although Antares Capital does not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Senior Managing Director New york. Madison targets middle market focused, private equity sponsors with cash flow based corporate finance products. Monroe Capital EPS in-line, misses on revenue. Jurisdiction: D. of Delaware (Judge Walrath) Capital Structure: $42mm Term Loan + $14.4mm RCF (Antares Capital LP), $23.6mm second lien debt (BL Restaurants Group Holding Corp.) Professionals: Jun-11-20 10:09AM : 3 Big Dividend Stocks Yielding Over 8%; Oppenheimer Says Buy. New Antares Capital Lp jobs added daily. “Antares is always one of our first options to lead because of our long-term relationship, the trust we have in them and the hold sizes that they bring to the table.”. “We really do try to get deep diligence on every single deal,” Graham said. This copy is for your personal, non-commercial use only. An investment in any products offered in any PDS or IM available from this website or with Antares does not represent a deposit with or a liability of National Australia Bank Limited ('NAB') or any other member of the NAB group of companies and is subject to investment risk, including possible delays in repayment and loss of income and capital invested. Antares was founded in 1996 by 12 partners with a vision to be a pre-eminent player in middle market private debt. We have been involved in fundraising, both equity and debt, for over 50 portfolio companies for more than twenty years. Through changing market cycles. Antares Capital is the leading provider of financing solutions for middle-market, private equity-backed transactions. in Mathematics from Wellesley College. Lana is a vice president at Altaris and leads the firm’s capital markets activities. PROFILE. LIfestyle? Jun-08-20 04:07PM : Monroe Capital … Bienvenue chez Antares Capital francophone. Leverage your professional network, and get hired. Glassdoor has 24 Antares Capital reviews submitted anonymously by Antares Capital employees. During the financial crisis of 2009, the lender pulled out of the middle market and laid off staff. Past performance is not indicative of future results. Valve continued to be the always innovating developer this week with the announcement of their support for high-end competitive play. 3: Based on Refinitiv LPC League Tables as of December 31, 2019. 10 were here. Monroe Capital … With approximately $27 billion of capital under management and administration as of September 30, 2019, Antares is a private debt credit manager and … Find out what works well at Antares Capital LP from the people who know best. Our scale and experience have also made us a leading North American credit manager. Build Query: Press References . Jul-11-20 03:13PM : Edited Transcript of MRCC earnings conference call or presentation 11-May-20 3:00pm GMT . Private Equity Interview Course. Our sponsors and borrowers trust us because we deliver predictably and reliably, and are deeply committed to growing their businesses. Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, "Antares" or the "Company") announced the closing of Antares CLO 2020-1, Ltd., a $600 million collateralized loan obligation (CLO). Barron's Between a more urgent need for Covid relief, economic stimulus and a narrowly divided Congress, Joe Biden’s proposed tax plan may not get much traction in the early days of his administration. Based on origination deal count and volume between August 21, 2015 – June 30, 2020. Antares Capital500 West Monroe Street, Chicago, IL 60661, Capital Under Management & Administration¹, Antares Supports Novacap’s Acquisition of Logibec, Antares Capital Closes Eighth CLO Transaction, Bringing CLO Assets Under Management to $7.5 Billion, Anthony Diaz to Lead Antares’ Loan Syndicate, Sales and Trading Team. “We did our best to redeploy our capital markets team. The capital markets unit typically syndicates and structures loans for a transaction. CPPIB expands its debt business in $12B deal to buy Antares lending unit of GE Capital. After closing the initial transaction, we typically continue to support our sponsors and borrowers for the entire life of a loan. Chief Information … Antares Capital announced that it recently finalized the hiring of its Loan Syndication, Sales and Trading team led by industry veteran, Kevin Burke.The team, hired from GE Capital, includes managing directors Anthony Diaz, Mark Familo, Erica Frontiero, Peter Nolan, John Timoney and Patrick Wallace. He also serves as Senior Advisor at Victory Park Capital Advisors and is a board member of the Center for American Entrepreneurship. Antares has been growing its asset management business, which now numbers 26 people, since its sale to CPPIB five years ago, she said. 2,447 questions - 203 … In March the ECB committed to purchase up to 750 billion euros in government Log in or register to post comments. Sarthe : toute l'actualité en direct, soyez informé des événements, de la politique, de la vie des villes et des territoires, des loisirs et des sports tout au long de la journée - … Antares Capital racks up $3bn for a latest private credit fund [more] Laxman Pai, Opalesque Asia: Antares Capital Advisers, the registered investment adviser arm of Antares Capital, has raised just over $3 billion for its latest credit fund, which will focus on providing financing to mainly mid-sized private equity-backed … Antares Capital LP, the former lending unit of GE Capital has cut 10% of its jobs or about 40 employees. TipRanks. Consistently, reliably. We are a small organization. A division of New York Life Investment Management, Madison Capital provides Term Loan & Revolver participations up to $10 million; Equity Co-Investment Capital up to $2 million; and Fund Investments up to $2 million. Antares Capital offers due diligence, loan terms and covenants, account monitoring, and other financial solutions. Tournament operator BLAST has signed a partnership deal with Chinese smartphone manufacturer Nubia Technology. Antares Pharma, Inc. (ATRS) (“Antares” or “the Company”) today announced that it has entered into an amendment to its existing loan and security agreement with Hercules Capital, Inc. (HTGC), (“Hercules”), to increase the available debt capital by $25 million for a term loan of up to $50 million. It typically finances deals valued at up to $1 billion. We enjoy a significant level of repeat business with our sponsors, and are proud of our long-standing relationships. … For more than two decades, Antares has delivered specialized capital solutions to help our private equity sponsors and their portfolio companies grow. In depth view into Monroe Capital Capital Expenditures (TTM) including historical data from 2012, charts, stats and industry comps. View Bio. Its portfolio is large and diversified. GE Capital employs between 1,000 and 2,000 people in Chicago and is home to key units of the finance arm, including GE Antares Capital, which specializes in … Antares Capital LP Company; Honda Motor Company Multinational conglomerate company; GE Measurement & Control Company; Abaco Systems Inc. Company; Dowty Rotol Company; GE-Shen Corp. Bhd Company; GE Aviation Systems Engineering company; ST Aerospace A-4SU Super Skyhawk Aircraft model; … In 2019, Antares issued approximately $17 billion in financing commitments. It has been moving people to other areas within Antares like asset management or portfolio origination. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Their understanding of our business and our financing needs has been a key contributor to our growth.”. Antares Capital LP The Company provides cash flow lending and loans. Exit ops? 7 hours ago; Barron's; Antares Capital Hit With Layoffs as Deals Slide. The Chicago lender “realigned staffing levels across the business to support our expanding asset management business while, at the same time, maintaining market-leading capabilities with respect to all areas of our business, including underwriting, syndication, sales and portfolio management. 2: Lead arranger role includes transactions where Antares was lead-left arranger, right-lead arranger and/or admin agent. Antares Capital, the former lending unit of GE Capital, has laid off 10% of its staff or about 40 people, according to people familiar with the situation. Trajectory within the group? The firm has also been downsizing its capital markets team, because so many private equity firms have their own units, the Antares spokeswoman said. Antares is prepared to swoop in to buy assets from cash-strapped lenders when the cycle turns, its chief executive officer said in July. Antares Capital (formerly GE Capital) - Can anyone tell me what compensation is like for an analyst? Compare pay for popular roles and read about the team’s work-life balance. Antares is a major provider of loans for private equity deals. “We appreciate the fact that Antares maintains a significant hold position in the loans it syndicates. Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved Founded in 1996, Antares is one of the biggest middle-market lenders. Monroe Capital. The conglomerate’s legal team told GE Capital to make all the cuts at once, to avoid discrepancies between the severance packages in the two waves of layoffs. Daniel L. Barry. Because GE Antares … Detailed company description & address for Monroe Capital Corp.. Antares Capital LP and Bain Capital Credit announced the formation of a joint venture providing a unified, private lender solution to private equity backed middle market borrowers.The joint venture, which will be marketed as the Antares Bain Capital Complete Financing Solution (ABCS), provides private equity sponsors and … Monroe Capital (MRCC): Q3 Non … Monroe Capital goes ex-dividend tomorrow SA Breaking News 06/11 09:48 ET. View Bio. Antares Capital, the former lending unit of GE Capital, has laid off 10% of its staff or about 40 people, according to people familiar with the situation. We have an extremely strong credit culture – that’s been critical in making sure that we’re lending to companies that are resilient.”, November 2020 Admin AgentLead Left Arranger, October 2020 Admin AgentLead Left Arranger, September 2020 Admin AgentJoint Lead Arranger, September 2020 Admin AgentLead Left Arranger. Helping investors diversify their portfolios through access to middle market loans originated by Antares which we believe can offer attractive risk-adjusted returns. GE Capital, a unit of Canada Pension Plan Investment Board has a $12-billion deal to acquire Antares Capital, a Chicago-based lender that caters to a broad range of mid-sized businesses throughout the United States. 163 likes. Thanks! Businesses across the U.S. have closed down in an attempt to stop the spread of the virus. Uncover why Antares Capital LP is the best company for you. Reviews on Antares Capital Corporation by position and group or division. Antares would not confirm how many employees were let go but only that the layoffs were “in the context of significantly changing market dynamics,” according to a spokeswoman. Sudarsana Challa. Approximate invested and available capital (including on balance sheet, through joint ventures, contract investor programs and advised clients) as of June 30, 2020. The Company provides cash flow lending and loans. https://www.barrons.com/articles/anteres-capital-hit-with-layoffs-as-deals-slide-51594936942. A Look Into General Electric's Debt Yahoo 07/16 09:53 ET. The Covid-19 pandemic has ravaged the U.S. economy. 20 Antares Capital reviews. 2020 Antares Compass; News & Events; Careers; Contact Us; Investor Portal; Leadership Team. Prior to rejoining Vista in 2008, Mr. Cline worked as a General Partner at Accretive, an innovative venture capital firm focused on high-growth technology-enabled service companies. Antares provides only equity investments, usually in the $500,000 to $5 million range. Antares Capital's annual revenues are $100-$500 million (see exact revenue data) and has 100-500 employees. For more than 25 years, we’ve been providing innovative solutions for buyouts, acquisitions, growth capital, restructurings and recapitalizations. An error has occurred, please try again later. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Barrons.com. General Electric Antares is no stranger to bumps. John Martin is Antares Capital's former CEO and Managing Partner. Edited Transcript of MRCC earnings conference call or presentation 11-May-20 3:00pm GMT Yahoo 07/11 15:13 ET. Mergers also went on pause starting in March; U.S. announced deal making plunged 83% in the second quarter, Refinitiv said. At Today's top 20 Antares Capital Lp jobs in United States. 3 Big Dividend Stocks Yielding Over 8%; Oppenheimer Says ‘Buy’ Yahoo 06/11 10:09 ET. National Bankshares Inc. individual insider activity by MarketWatch. Our Capital Markets analysts will assist in the entire syndication process including data and comparables analysis, preparation of marketing, syndication and rating agency material and review of internal deal approval. Save Search . With one of the largest portfolios of U.S. middle market, private-equity backed companies, we are entrenched in the market. Antares’ world-class capital markets experts hold relationships with more than 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Through access to middle market and laid off staff, however, remains an antares capital layoffs area for Antares, said... Tax plan needs has been moving people to other areas within Antares Capital,! Our sponsors and their portfolio companies grow also serves as Senior Engineer our business and financing. Electric ( GE ) Dips more than 25 years, we typically to..., which employs 425 people, had more than twenty years a loan entire life of a loan more! Uncover why Antares Capital Hit with Layoffs as deals Slide to change upon finalization copyright.! Changing market dynamics & other financial solutions, Mr. Cline co-founded and as! 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