Antares Capital Backs Acquisition of Community Medical Services by FFL Partners and Two Sigma Impact
Posted on 01/04/2022
Antares Capital served as sole lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of Community Medical Services (CMS) by FFL Partners and Two Sigma Impact. Antares Capital is a subsidiary of Antares Holdings LP. Two Sigma Impact is the impact investment unit of hedge fund giant Two Sigma Investments.
Founded in 1983 and headquartered in Scottsdale, AZ, Community Medical Services operates more than 45 clinics in 9 states. The company aims to provide high-efficacy treatment for opioid use disorder (OUD) while reducing the stigma associated with it. Community Medical Services is credited with opening the nation’s first 24-hour opioid treatment-on-demand center in Phoenix in 2017. The company was an early adopter of telemedicine and currently delivers about half of its services via the medium.
CGFI Deal
In November 2021, Antares disclosed it was the acting as administrative agent on senior secured credit facilities to support CVC Capital Partners Fund VIII’s investment in CFGI. All existing shareholders are reinvesting in the transaction in partnership with CVC, including funds managed by global investment firm Carlyle (NASDAQ: CG), co-founders and co-CEOs Nick Nardone and Shane Caiazzo, and the partners of CFGI. Founded in 2000 and headquartered in Boston, MA, CFGI serves the Office of the CFO as an independent advisor to assist with complex accounting and process improvement needs.
