CHICAGO--(EON: Enhanced Online News)--Antares Capital announced today it is serving as administrative agent and lead left joint lead arranger on a $100 million first lien senior secured credit facility to support the acquisition of Paragon Films (Paragon) by Wind Point Partners (Wind Point).
“Our team is pleased to support Wind Point on their investment in Paragon, a company that has built a reputation as a clear leader in value-added films by developing products with industry leading performance, value, quality and consistency”
Paragon Films, headquartered in Broken Arrow, OK, with manufacturing facilities nationwide, is the technology leader in cast stretch film, primarily selling into the pallet unitization market.
“We knew we could depend on Antares to deliver the speed of approval and execution required on this transaction,” said Alex Washington, managing director for Wind Point Partners. “The team was diligent and flexible throughout the process.”
“Our team is pleased to support Wind Point on their investment in Paragon, a company that has built a reputation as a clear leader in value-added films by developing products with industry leading performance, value, quality and consistency,” said Michael Hynes, managing director for Antares. “Paragon’s innovative spirit in combination with Wind Point’s extensive plastics manufacturing expertise is a powerful partnership.”
About Wind Point Partners
Wind Point Partners is a private equity investment firm that partners with top caliber executives to acquire middle market businesses where a path to value creation can be established. Since the firm’s founding in 1984, they have raised over $3 billion in commitments and acquired more than 100 platform companies and 250 add-on acquisitions. For more information, visit www.wppartners.com.
About Antares Capital
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. Antares was named 2015 Dealmakers of the Year and 2014 Lender of the Year by Mergers & Acquisitions. Visit us at www.antares.com or follow Antares Capital on Twitter at https://www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP.