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Antares Capital supports MidOcean Partners’ acquisition of Travelpro Group Holdings

Antares Capital is serving as administrative agent and joint lead arranger on a new USD58 million senior secured credit facility to support the acquisition of Travelpro Group Holdings Inc by MidOcean Partners.

Headquartered in Boca Raton, Florida, Travelpro is a leading designer and marketer of high quality luggage under the Travelpro and Atlantic brand names and the leading licensed luggage, bag and travel accessory provider to the Canadian market through its sister company Holiday.

“The Antares team understands our strategy and executed this transaction with speed and certainty,” says Daniel Penn, managing director for MidOcean Partners. “We appreciate the supportive approach they demonstrated throughout the process.”

“We’re very pleased to work with MidOcean Partners on their latest investment in Travelpro,” says Graham Manley, managing director with Antares. “Travelpro’s brand and products are very well regarded in the market and Holiday is the leading bag supplier to the Canadian market, so we are excited to see how the company continues to grow and evolve with the support of the team at MidOcean Partners and new CEO Blake Lipham.”

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