Antares Capital has announced that it is serving as administrative agent, joint lead arranger and joint bookrunner on a senior secured credit facility to support the acquisition of Momentum Textiles by The Riverside Company.
Headquartered in Irvine, CA, Momentum Textiles designs and manufactures commercial upholstery for the office, healthcare and hospitality markets.
“We appreciate the collaborative and flexible approach of the Antares team, and we’re pleased to be working with them once again on this transaction,” said Karen Pajarillo, partner, of The Riverside Company.
“We have a longstanding relationship with Riverside, so we’re pleased to continue working with them and the team at Momentum, a company we’ve been supporting over the last five years,” said Brian Polomsky, managing director with Antares Capital. “Riverside’s operational expertise together with Momentum’s premium quality product will serve them well as they pursue growth for the business.”
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 420 transactions. The firm’s international portfolio includes more than 80 companies.
Antares Capital is the 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, and this latest acquisition is an exciting new project for the firm.
