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.
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.