North East Dental Buys Dental Associates of Northern Va.

NXT Capital said Monday that it has provided a $61 million senior secured credit facility to back North East Dental Management’s buy of Dental Associates of Northern Virginia. NXT Capital acted as joint lead arranger and administrative agent for the transaction. DFW Capital Partners, a Teaneck, N.J.-based PE firm, owns North East Dental.

PRESS RELEASE

NXT Capital today announced that
it has provided a $61 million senior secured credit facility to fund North
East Dental Management’s acquisition of Dental Associates of Northern
Virginia.

NXT Capital served as the joint lead arranger and administrative agent for
this transaction.

North East Dental Management, a portfolio company of DFW Capital Partners,
is a regional dental practice management company with offices in New York,
New Jersey, Pennsylvania and Virginia. The acquisition of Dental
Associates of Northern Virginia adds six new sites to the North East
Dental Management network and brings the total to 30 offices.

DFW Capital Partners is a private equity investment firm focused on lower
middle-market companies with a concentration in healthcare, outsourced
business and industrial support services. Headquartered in Teaneck, New
Jersey, DFW has almost a decade of experience owning and evaluating dental
practice management companies.

“We were very impressed with NXT Capital’s ability to move from an initial
call to closing in just 18 days,” said Brett Prager, General Partner, DFW
Capital Partners. “NXT’s knowledge of the dental space coupled with a
‘get-it-done’ attitude proved that we had chosen the right partner.”

NXT Capital (www.nxtcapital.com) is a privately held middle-market focused
commercial finance company that provides structured financing solutions
through its Corporate Finance and Real Estate Finance groups. The company
targets senior secured financing opportunities of up to $150 million with
a typical hold size ranging from $10 million to $40 million. NXT is
headquartered in Chicago, and has offices in New York, Atlanta, Dallas and
Newport Beach.