GE and Ares back Montagu acquisition

GE Capital and Ares Management have acted as lead arrangers on a €110 million unitranche financing for Montagu Private Equity’s acquisition of DORC Holding, which provides medical instruments and equipment for eye surgeries.

The financing was provided through GE and Ares’ unitranche joint venture, the €1.75 billion European Senior Secured Loan Programme. The programme has committed more than €700 million in unitranche financing since its launch, according to a statement from the firms.

“This financing represents our first unitranche financing to the mid-market in the Netherlands and demonstrates that unitranche lending is a compelling alternative to more traditional finance structures across Europe,” said GE Capital director Ruud Kole in a statement.

Montagu announced its acquisition of DORC from a consortium of Rabo Capital, Van Lanschot Participaties and Oftavinci in February. Terms of the transaction were not disclosed.