NXT Capital Backs Legacy.com Deal

NXT Capital said Tuesday that it had provided a $20 million senior secured facility to finance Great Hill Partners‘ acquisition of Legacy.com. Legacy.com is a provider of online obituary and memorial services to more than 800 newspapers in the North America, Europe, Australia and New Zealand.

PRESS RELEASE

NXT Capital today announced that it has provided a $20 million senior secured facility to finance Great Hill Partners’ acquisition of Legacy.com.

 

NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative

Agent for this transaction.

 

Legacy.com is the leader in providing online obituary and memorial

services to more than 800 newspapers in the North America, Europe,

Australia and New Zealand. The company’s online obituary sites draw 20

million unique visitors each month through its partnership with 85 of the

100 largest newspapers in the United States.

 

Based in Boston, Great Hill Partners manages over $2.5 billion in capital

to finance the expansion, recapitalization or acquisition of growth

companies in a wide range of sectors within the business and consumer

services, healthcare, media, communications and software industries.

 

NXT Capital provides structured financing solutions to middle-market and

emerging growth companies, as well as real estate investors, through its

Corporate Finance, Venture Finance and Real Estate Finance groups. Based

in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport

Beach and Silicon Valley, NXT Capital targets senior financing

opportunities of up to $150 million with a hold size up to $50 million.