CHICAGO--(BUSINESS WIRE)--GE Antares today announced it served as administrative agent for a senior secured credit facility to support the acquisition of Rotex Global LLC, by Windjammer Capital Investors. Windjammer, in conjunction with management, provided both the subordinated debt and equity for the transaction.
The senior secured credit facility consisted of a revolving credit facility and a term loan facility. Proceeds of the credit facility were used to fund the acquisition of Rotex and working capital needs.
Headquartered in Cincinnati, Ohio, Rotex is a pioneer and global leader in the development of screening and separation equipment for process industries including industrial minerals, food, chemicals, plastics, bio-fuels, grain and fertilizers. In particular, Rotex offers an innovative line of separation equipment with a gyratory motion. Its integrated offering includes total separation solutions ranging from particle size analysis, through machine specifications and design, to replacement parts and aftermarket services.
"Rotex is the leader in its industry with tremendous brand recognition and a record of market-focused innovation. We are delighted to work with both Windjammer and Rotex's management team to build on Rotex's reputation and develop a dynamic platform for future growth," said Dan Barry, Senior Managing Director of GE Antares.
John Donahue, Director, at Windjammer said, "We appreciate GE Antares' support and responsiveness on the Rotex transaction. It demonstrates their commitment to working with exceptional middle market companies like Rotex."
About Windjammer Capital Investors
Windjammer Capital Investors is a national private investment firm that invests in leading middle market companies and supports management in their initiatives to grow earnings and create value. Windjammer has the unique capability to invest in various layers of the capital structure, including control and non-control private equity and subordinated debt financings. Windjammer recently closed its third fund at $575 million and has over $1 billion of capital under management. With a 16-year track record of successfully supporting business owners, managers, and co-investors, Windjammer has the resources and experience to help management teams further develop their businesses and build shareholder value.
About GE Antares Capital
GE Antares Capital is a unit of GE Commercial Finance - Global Sponsor Finance. With over $8 billion in assets, and offices in Chicago, Dallas, London, Los Angeles, New York, and San Francisco, GE Antares offers a "one-stop" source for GE's lending and other services offered to middle market private equity sponsors. Visit www.geantares.com.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $233 billion and is headquartered in Norwalk Connecticut. GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at www.ge.com.