OREANDA-NEWS. GE Antares, a unit of GE Capital, announced today it is serving as administrative agent on a \\$60 million senior secured credit facility to support the acquisition of Tidel Engineering, L.P. by an affiliate of Graham Partners. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.

“GE Antares comes to the table with flexible, workable financing structures plus a high certainty of execution,” said Rob Newbold, managing principal at Graham Partners. “We enjoy a great relationship with GE Antares and look forward to working together again in the future.”Founded in 1978, Tidel is a leading provider of cash management systems and security products for convenience stores, specialty retailers, grocery stores and quick-service restaurants. Tidel provides solutions that deliver enhanced efficiency, cost savings and security throughout the retail cash management ecosystem.

“Graham’s operational heritage and industrial expertise combined with Tidel’s accomplished management team will pave the way for new growth in the U.S. and abroad,” said Brian Polomsky, managing director of GE Antares. "We are excited to support this acquisition and look forward to supporting management and Graham as they pioneer innovative solutions.”