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GE Antares Capital Finances Nielsen and Bainbridge Acquisition of the Home Decor Companies, Creating NBGHome

September 1, 2014



ENP Newswire - 01 September 2014

Release date- 29082014 - CHICAGO - GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $315 million senior secured credit facility to support the acquisition of The Home Decor Companies by Nielsen & Bainbridge, LLC, a portfolio company of Kohlberg & Company and GE Antares borrower.

GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.

Headquartered in Southaven, MS, The Home Decor Companies is a leading provider of home decor products, services and solutions to North American retailers such as HomeGoods, Lowe's, Wal-Mart and Target. Combining the company with Nielsen & Bainbridge (N&B)'s custom and ready-made picture frame business significantly expands N&B's product lines and customer base and provides new revenue opportunities. The combined company will operate under the name NBGHome.

'GE Antares is a longstanding trusted business partner to Kohlberg,' said Seth Hollander, partner at Kohlberg. 'Their responsiveness and their syndication expertise made them an ideal financing choice for creating NBGHome'.

'We're pleased to provide debt financing to NBG Home and Kohlberg in support of the acquisition of The Home Decor Companies,' said Chet Zara, senior managing director of GE Antares. 'We look forward to continuing to support Kohlberg and management as they pursue the exciting growth opportunities at NBGHome.'

The Home Decor Companies

Headquartered in Southaven, MS, The Home Decor Companies combined to be the market leader in portable lighting in the United States as well as the #2 supplier of wall decor and a rapidly growing player in the decorative soft goods and accent furniture categories. THDC's products are marketed under various labels, including Jimco, J. Hunt Home, Patton Picture and Thro.

Nielsen & Bainbridge, L.L.C.

Headquartered in Austin, Texas, Nielsen Bainbridge is an international company owned by Kohlberg & Company, a New York-based private equity firm, and is one of the world's leading producers and distributors of high quality picture framing products, marketed under brands such as Pinnacle, Burnes, Nielsen and Bainbridge. A world leader in research, innovation and ground-breaking new products, Nielsen Bainbridge anticipates the latest styles and trends, to give customers the most desirable products.

About Kohlberg & Company, L.L.C.

Kohlberg & Company, LLC is a leading U.S. private equity firm headquartered in Mt. Kisco, New York. Since its inception in 1987, Kohlberg has completed more than 62 platform investments and more than 100 add-on acquisitions, with aggregate transaction value in excess of $9 billion.

About GE Antares Capital

GE Antares is a unit of GE Capital. With offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco, GE Antares is a leading middle market lender, offering a 'one-stop' source for GE's lending and other services offered to middle market private equity sponsors. GE Antares was recognized by Private Debt Investor and Private Equity International as 2013 Lender of the Year, North America and Mid-Cap Lender of the Year, North America, respectively. For more information, visit geantares.com.

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

For more information, visit the company's website at www.ge.com

Contact:

Tara Lambropoulos

GE Capital

Tel: 312 441 7854

Mobile: 312 802 9712

Email: Tara.Lambropoulos@ge.com


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Source: ENP Newswire


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