GE Antares, a unit of GE Capital, is serving as administrative agent on a USD60 million senior secured credit facility to support the acquisition of Tidel Engineering by an affiliate of Graham Partners.
GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Founded in 1978, Tidel is a leading provider of cash management systems and security products for convenience stores, specialty retailers, grocery stores and quick-service restaurants. Tidel provides solutions that deliver enhanced efficiency, cost savings and security throughout the retail cash management ecosystem.
“GE Antares comes to the table with flexible, workable financing structures plus a high certainty of execution,” says Rob Newbold, managing principal at Graham Partners. “We enjoy a great relationship with GE Antares and look forward to working together again in the future.”
“Graham’s operational heritage and industrial expertise combined with Tidel’s accomplished management team will pave the way for new growth in the US and abroad,” says Brian Polomsky, managing director of GE Antares. "We are excited to support this acquisition and look forward to supporting management and Graham as they pioneer innovative solutions.”
