GE Antares served as administrative agent on a $166 million multi-currency, cross-border credit facility to support the recent acquisition by Audax Group of Luminator Technology Group, a portfolio company of Levine Leichtman Capital Partners.
“GE has led the financing for many of Audax’ platform investments. Their reliable execution, spirit of partnership and creative financing solutions make them a trusted partner to Audax and our portfolio companies,” said Geoff Rehnert, co-chief executive officer of Audax Group.
Luminator Technology Group is a designer and manufacturer of display, lighting and passenger communication systems used in bus, rail and aerospace applications. Customers include municipal transportation systems, OEMs and their related suppliers. Luminator is based in Plano, TX and has affiliated operations in Brazil, Denmark, Sweden, Germany, and Australia (www.luminatortechnologygroup.com).
“GE Capital was able to provide value to Audax in its ability to deliver commitment certainty, cross-border capabilities, and speed to close on a complex transaction,” said John Goodwin, managing director of GE Antares, “We look forward to supporting Luminator as the company continues to grow, both domestically and abroad.”
GE Antares is a unit of GE Capital with offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco. Specializing in the middle market, GE Antares is a “one-stop” source for GE’s lending and other services to middle market private equity sponsors (www.geantares.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-24-14