US mid-market lender Antares Capital has hired some of its former colleagues from GE Capital to round out its loan syndication, sales and trading group. The team will be led by Kevin Burke (pictured), who worked at GE Capital for 12 years. Six other new hires are also former GE Capital executives.
Antares, which is focused exclusively on North American sponsor-backed transactions, was sold to the Canada Pension Plan Investment Board (CPPIB) in August. General Electric has been divesting from most of its GE Capital lending business throughout last year and the sales are now nearly complete, with GE recently reporting $157 billion worth of dispositions. The executives Antares hired were previously employed at another branch of GE Capital.
Burke was a senior managing director at GE Capital, overseeing loan sales and trading and loan capital markets. Prior to GE Capital, he spent 25 years at Bankers Trust Company/Deutsche Bank in a variety of credit, corporate finance and sales and trading positions. He was also a founding member and sales head of Bankers Trust’s loan syndications group.
“Over the past ten years, Kevin and his team have built one of the top loan syndication, sales and trading teams in the mid-market. We are excited to continue to work with them and to leverage their extensive network of over 300 buy-side relationships,” said David Brackett, co-chief executive of Antares Capital in a statement. “The continuity and expertise provided by Kevin’s team will be critical to our continued success in fully serving the capital needs of our clients.”
The managing directors Antares hired from GE Capital are Anthony Diaz, Mark Familo, Erica Frontiero, Peter Nolan, John Timoney and Patrick Wallace. Also joining Antares is managing director Kristin Condon from RBC Capital Markets.
Diaz was a managing director at GE Capital Markets for almost 11 years since 2005. Before that, he was a business unit controller at GE Capital for two years. Between 1996 and 2002, he worked at several banks as a controller, accountant or analyst.
Familo was a managing director in the leveraged loan sales and trading group at GE Capital between 2007 and 2015. Prior to that, he was a director and bank loan trader at Scotia Capital for seven years. He also worked at The Bank of New York between 1995 and 2000 as a vice president in commercial banking.
Frontiero was at GE Capital since 2004 as a managing director prior to joining Antares. She also worked as an account executive at NBC Universal and in leveraged finance at Bank of America.
Nolan spent two years at GE Capital Markets as managing director. Before that, he held the same title at JPMorgan for 14 years. Prior to JPMorgan, he spent 12 years at Bankers Trust, where he started as an associate in 1987 and was later promoted to vice president and managing director, according to LinkedIn.
Timoney worked at GE Capital Markets as a managing director since May 2011. Prior to that he held banking and corporate finance stints at RBS, AIB Capital Markets, Merrill Lynch and Scotia Capital.
Wallace was a managing director in bank loan trading at GE Capital for eight years since August 2007. Before that, he worked as a vice president at French banks Société Générale and BNP Paribas.
Condon has worked at RBC Capital Markets for 18 years, most recently as a managing director in US loan sales. Prior to that, she was a vice president in leveraged finance at Sumitomo Trust and Banking for five years.
Antares Capital is a provider of financing solutions for mid-market, private equity-backed companies in North America. The firm is headquartered in Chicago, with additional offices in Atlanta, Los Angeles, New York, Norwalk, Connecticut, and Toronto. Antares has provided over $120 billion in loans to borrowers over the past five years.