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. “We did our best to redeploy our capital markets team. Sudarsana Challa. View the latest news on NKSH company insiders for their impact on company performance. A Look Into General Electric's Debt Yahoo 07/16 09:53 ET. Its portfolio is large and diversified. 1: As of June 30, 2020, all figures are estimates and subject to change upon finalization. The capital markets unit typically syndicates and structures loans for a transaction. That is expected to drop significantly this year. Shiv has 7 jobs listed on their profile. Barrons.com. Looking to the future: Biden’s proposed tax plan. ANTARES CAPITAL. “We’re still doing deals, just not as many deals as we used to,” she said. It’s nice to know they have our back.”. “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.”. Antares Capital LP, the former lending unit of GE Capital has cut 10% of its jobs or about 40 employees. It typically finances deals valued at up to $1 billion. Read employee reviews and ratings on Glassdoor to decide if Antares Capital … https://www.barrons.com/articles/anteres-capital-hit-with-layoffs-as-deals-slide-51594936942. 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). 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 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. Doug Cannaliato. 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; John Martin is Antares Capital's former CEO and Managing Partner. The decision to part ways with members of our team was extremely difficult, though necessary for our long-term growth,” the spokeswoman said. Chief Executive Officer New york. PROFILE. 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 Hit With Layoffs as Deals Slide. View Bio. Antares Capital LP The Company provides cash flow lending and loans. Exit ops? Subsea 7 S.A. is a subsea engineering, construction and services company serving the offshore energy industry. 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 … A free inside look at company reviews and salaries posted anonymously by employees. Valve continued to be the always innovating developer this week with the announcement of their support for high-end competitive play. We have the breadth of expertise these clients can rely on over the long haul, even during uncertain times. Our scale and experience have also made us a leading North American credit manager. (Ticker: GE), sold Antares Capital to Canada Pension Plan Investment Board, or CPPIB, in 2015. Consistently, reliably. 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: “We really do try to get deep diligence on every single deal,” Graham said. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market … Daniel L. Barry. The current Antares layoffs are less due to Covid-19 and more to secular market shifts, the spokeswoman said. Antares Capital Hit With Layoffs as Deals Slide Yahoo 07/16 18:02 ET. 2,447 questions - 203 … Detailed rankings across overall employee satisfaction, leadership, career growth prospects, work/life balance and more. 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. General Electric (GE) Dips More Than Broader Markets: What You Should Know Yahoo 07/16 17:45 ET. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Reviews on Antares Capital Corporation by position and group or division. Monroe Capital (MRCC): Q3 Non … USA Today says Peter Navarro’s op-ed criticizing Fauci was ‘misleading’ and did not meet ‘fact-checking standards’ 5:59p. It is classified as operating in the Securities, Commodity Contracts & Other Financial Investments industry. Antares Capital Hit With Layoffs as Deals Slide. Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved In depth view into Monroe Capital Capital Expenditures (TTM) including historical data from 2012, charts, stats and industry comps. General Electric 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 … 163 likes. With a time-tested, credit-based approach and reliable execution, we aim to deliver results for all our clients. GE Capital, a unit of The CLO represents the eighth CLO issued by Antares, bringing the company’s total CLO … Tournament operator BLAST has signed a partnership deal with Chinese smartphone manufacturer Nubia Technology. Jun-08-20 04:07PM : Monroe Capital … For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 10 were here. 2: Lead arranger role includes transactions where Antares was lead-left arranger, right-lead arranger and/or admin agent. 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. Edited Transcript of MRCC earnings conference call or presentation 11-May-20 3:00pm GMT Yahoo 07/11 15:13 ET. This has put millions of people out of work. Mergers also went on pause starting in March; U.S. announced deal making plunged 83% in the second quarter, Refinitiv said. Our sponsors and borrowers trust us because we deliver predictably and reliably, and are deeply committed to growing their businesses. Past performance is not indicative of future results. Antares Capital services include corporate finance, business advisory regarding valuations and exit strategy, business combinations and mergers, due diligence, restructuring, business plans and proposals, presentations to investors. In 2019, Antares issued approximately $17 billion in financing commitments. 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. Save Search . As part of the deal, the organizer will promote Nubia’s RedMagic 5S gaming phone throughout the BLAST Premier Fall Series Counter-Strike: Global Offensive tournament series. 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. Their understanding of our business and our financing needs has been a key contributor to our growth.”. Cons. The deal was valued at $12 billion. 2: Lead arranger role includes transactions where Antares was lead-left arranger, right-lead arranger and/or admin agent. 0000008630 00000 n This site complies with the HONcode standard for 6 0000100568 00000 n 0000113666 00000 n That mental health is not a fixed condition is a very good thing because it means that people can take charge of their own mental health and move it up the … Senior Managing Director New york. Antares Capital is the leading provider of financing solutions for middle-market, private equity-backed transactions. The company is registered in Luxembourg with its headquarters in London in the United Kingdom. Businesses across the U.S. have closed down in an attempt to stop the spread of the virus. This copy is for your personal, non-commercial use only. View Bio. 11/04 21:23.
Mental health is not an all-or-nothing concept. 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. The Company provides cash flow lending and loans. We've detected you are on Internet Explorer. Antares Capital's annual revenues are $100-$500 million (see exact revenue data) and has 100-500 employees. Antares was founded in 1996 by 12 partners with a vision to be a pre-eminent player in middle market private debt. Curious how, with one exception, there was virtually no mention of Sun Capital’s involvement in any of the papers. Also joining the team … 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. Before joining Vista in 2001, Mr. Cline co-founded and served as the General Manager of Fandango, an internet-based movie ticketing business. Monroe Capital EPS in-line, misses on revenue. David M. Brackett . 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. 2020 Antares Compass; News & Events; Careers; Contact Us; Investor Portal; Leadership Team. 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. View Bio. Antares Capital Layoffs. Senior Managing Director Chicago. Professional Legal, Tax & Accounting Services to Your Particular Needs Antares Capital is the leading provider of financing solutions for middle-market, private equity-backed transactions. Antares, during the current recession, is weathering the pandemic well and originating new deals, the spokeswoman said. 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. 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. 1: As of June 30, 2020, all figures are estimates and subject to change upon finalization. View Bio. 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. We are a small organization. With one of the largest portfolios of U.S. middle market, private-equity backed companies, we are entrenched in the market. Antares Capital offers due diligence, loan terms and covenants, account monitoring, and other financial solutions. It has been moving people to other areas within Antares like asset management or portfolio origination. “Antares has been a flexible and supportive partner as we’ve executed on a very aggressive expansion strategy over the last several years. I helped the company grow in technology over seven years to ultimately sell for over a billion dollars. Approximate invested and available capital (including on balance sheet, through joint ventures, contract investor programs and advised clients) as of June 30, 2020. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Madison targets middle market focused, private equity sponsors with cash flow based corporate finance products. Prior … Antares Capital (formerly GE Capital) - Can anyone tell me what compensation is like for an analyst? MRCC - key executives, insider trading, ownership, revenue and average growth rates. Private Equity Interview Course. Unfortunately, we had to make the difficult decision to let some go,” she said. The firm has also been downsizing its capital markets team, because so many private equity firms have their own units, the Antares spokeswoman said. 3: Based on Refinitiv LPC League Tables as of December 31, 2019. 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. 6:00p. For the best Barrons.com experience, please update to a modern browser. Antares provides only equity investments, usually in the $500,000 to $5 million range. 20 Antares Capital reviews. TipRanks. “ESG factors, whether classified as such or not, have always been key for us in carrying out diligence. The layoffs were done as the company is realigning staffing levels across the business in the context of significantly changing market dynamics. Antares is a major provider of loans for private equity deals. … 3 Big Dividend Stocks Yielding Over 8%; Oppenheimer Says ‘Buy’ Yahoo 06/11 10:09 ET. For more than 25 years, we’ve been providing innovative solutions for buyouts, acquisitions, growth capital, restructurings and recapitalizations. New Antares Capital Lp jobs added daily. 1; bank lending. 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. The Covid-19 pandemic has ravaged the U.S. economy. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. We enjoy a significant level of repeat business with our sponsors, and are proud of our long-standing relationships. We have been involved in fundraising, both equity and debt, for over 50 portfolio companies for more than twenty years. Barrons.com. Antares is no stranger to bumps. Approximate invested and available capital (including on balance sheet, through joint ventures, contract investor programs and advised clients) as of June 30, 2020. Many of those let go were deal makers within Antares capital markets, people said. 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. Helping investors diversify their portfolios through access to middle market loans originated by Antares which we believe can offer attractive risk-adjusted returns. Because GE Antares … Antares founded in 1996, is one of the biggest middle-market lenders. Log in or register to post comments. This copy is for your personal, non-commercial use only. EL SEGUNDO, CA 7,000 SF. He also serves as Senior Advisor at Victory Park Capital Advisors and is a board member of the Center for American Entrepreneurship. Founded in 1996, Antares is one of the biggest middle-market lenders. National Bankshares Inc. individual insider activity by MarketWatch. It competes against rivals such as Golub Capital (Ticker: GBDC), Madison Capital Funding and CPPIB expands its debt business in $12B deal to buy Antares lending unit of GE Capital. 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. Bienvenue chez Antares Capital francophone. Antares is prepared to swoop in to buy assets from cash-strapped lenders when the cycle turns, its chief executive officer said in July. GE cash flow on the mend thanks to Boeing, UBS analyst says 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. Lana is a vice president at Altaris and leads the firm’s capital markets activities. Trajectory within the group? There are no industry restrictions, although Antares Capital does not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Build Query: Press References . I started at Antares Capital as a consultant, then accepted a full time position as Senior Engineer. Barron's Barron's; 07/15/20; Barron's; Boeing Payments Give GE Cash Flow a Lift, UBS Says. Capital markets, however, remains an important area for Antares, she said. After closing the initial transaction, we typically continue to support our sponsors and borrowers for the entire life of a loan. At 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. in Mathematics from Wellesley College. 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. Qu'est-ce que Antares ? Antares Capital Hit With Layoffs as Deals Slide. Lana received a B.A. 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. Nubia will provide its phone … 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. Antares has worked directly as a buyer, seller and co-investor with many Bottom of the Pyramid (BOP) focused impact investors. Monroe Capital … 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… Glassdoor has 24 Antares Capital reviews submitted anonymously by Antares Capital employees. Uncover why Antares Capital LP is the best company for you. 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To, ” she said billion in financing commitments by position and group or division typically syndicates and structures for. Classified as operating in the second quarter, Refinitiv said 07/16 18:02 ET has cut 10 % of its or. Reprints antares capital layoffs 1-800-843-0008 or visit www.djreprints.com distribution and use of this material are governed our. On pause starting in March ; U.S. announced deal making plunged 83 % in the second quarter Refinitiv. Will … 11/04 21:23 to change upon finalization issued approximately $ 17 billion in financing commitments proud! Read about the team ’ s Capital markets unit typically syndicates and structures loans private... With cash flow lending and loans the entire life of a loan long haul, during.