Market Overview

Antares Supports Sverica's Recapitalization of Synoptek to Fund Acquisition


Antares announced today it is serving as administrative agent and sole
lead arranger on senior secured credit facilities to support the
recapitalization of Synoptek by Sverica Capital Management LP
("Sverica") to fund Synoptek's acquisition of Indusa.

Based in Irvine, CA, Synoptek is one of the nation's largest managed IT
services providers offering IT advisory and leadership services to
organizations worldwide. With the acquisition of Indusa, Synoptek will
strengthen its consulting, application and Microsoft Analytics and
Business Systems services offerings and expand its service delivery

"We were pleased with the flexibility of the Antares team and the TMT
expertise that they brought to this transaction," said Ryan Harstad,
principal with Sverica. "With speed and certainty, they provided the
financing we sought for this transaction."

"We are excited to close our first transaction with Sverica, a sponsor
that we have respected for some time," said Matthew Fleming, managing
director with Antares. "With their experienced management team and
ongoing support from Sverica, Synoptek is well-positioned to continue on
their path of growth and innovation."

About Synoptek

Synoptek provides IT
, business systems integration, analytics solutions, managed
security services
, on-premise management, 24×7 end-user operation
support and IT leadership to organizations worldwide. Synoptek is
headquartered in Irvine, California, with business operations in San
Francisco, Sacramento, Las Vegas, Boise, Denver, Boston, New York,
Raleigh and New Brunswick, Canada. Synoptek has been repeatedly
recognized as one of the Top 100 Cloud Services Providers by Talkin'
Cloud and one of the Top Managed Services Providers by Channel Futures,
among other honors from Inc. Magazine, Deloitte and more. For more
information, visit

About Sverica Capital Management LP

Sverica is a leading lower middle market focused private equity firm
that has raised over $700 million of investment capital across four
funds. The firm acquires and actively builds companies that are, or
could become, leaders in their industries. Since 2001, Sverica has
maintained a "high touch" operating philosophy of taking an active role
in portfolio companies. Sverica devotes significant internal resources
to help its management teams develop and execute growth strategies. For
more information, visit

About Antares

With more than $20 billion of capital under management and
administration, Antares is a private debt credit manager and leading
provider of financing solutions for middle-market private equity-backed
transactions. In 2017, Antares issued over $21 billion in financing
commitments to borrowers through its robust suite of products including
first lien revolvers, term loans and delayed draw term loans, 2nd lien
term loans, unitranche facilities and equity investments. Antares
world-class capital markets experts hold relationships with over 400
banks and institutional investors allowing the firm to structure,
distribute and trade syndicated loans on behalf of its customers. Since
its founding in 1996, Antares has been recognized by industry
organizations as a leading provider of middle market private debt, most
recently being named the 2017 Lender of the Year by ACG New York. The
company maintains offices in Atlanta, Chicago, Los Angeles, New York,
Norwalk, CT and Toronto. Visit Antares at
or follow the company on Twitter at
Antares Capital is a subsidiary of Antares Holdings LP., collectively

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