Antares Capital had a strong 2015, but it was also a year of transition for the lender. In April, GE (NYSE:GE) announced the sale of most GE Capital assets, including GE Antares, which it had acquired 10 years earlier. Still, the Antares platform closed 188 senior loan transactions to private equity-backed borrowers across more than 100 private equity firms, including 50 new platforms, totaling $11.3 billion in commitments and making it one of the most active providers of capital to private equity-backed companies in the middle market, according to Thomson Reuters’ 2015 sponsored middle market league tables. David Brackett and John Martin, co-CEOs of the firm, led the lender’s success, which is why we’re honoring them with Mergers & Acquisitions’ 2015 Dealmakers of the Year.
After a highly competitive process with many bidders vying for the coveted target, Canada Pension Plan Investment Board (CPPIB) won Antares in a $12 billion transaction to form a long-term partnership to grow the business and its product offerings.