Antares Capital and LStar Capital Closed $262.5 Million Senior Secured Unitranche Credit Facility

The Middle Market Growth Program (MMGP), jointly managed by Antares Capital Corp. and LStar Capital, has closed a $262.5 million senior secured unitranche credit facility to support the acquisition of Vision Solutions, Inc. by Clearlake Capital Group, L.P. together with its affiliates.

Vision Solutions is a  provider of software solutions designed to protect data, minimize downtime and maximize resources for the modern data center as enterprises migrate to the cloud.

Vision’s software offerings facilitate near-zero downtime migration of data, applications, and systems using real-time replication technology to reduce time, cost, and risk.

“The Antares and LStar teams understand our investment strategy for Vision Solutions, and their ability to underwrite and execute quickly made them an ideal financing partner for this transaction,” said Behdad Eghbali and Prashant Mehrotra, Clearlake. “We look forward to building on our beneficial financing relationship and partnership.”

“Vision Solutions is a market leader in a niche market with a large and diverse customer base,” said Matthew Fleming, MD, Antares. “We’re excited to support Clearlake as they pursue growth and evaluate M&A opportunities with the Vision Solutions management team.”

MMGP provides private equity sponsors and borrowers with access to first lien unitranche loans. MMGP does not require rating agency meetings or a syndication process so deals can close in as few as three weeks.

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