NXT Capital said Wednesday that it provided a $21 million senior secured credit facility to finance New Harbor Capital’s buy of a majority stake in PT Solutions Holdings. NXT Capital served as the sole lead arrange for the transaction. PT Solutions Holdings is a provider of outpatient clinic operations.
Chicago, Illinois, December 18, 2013 – NXT Capital today announced that it has provided a $21 million senior secured credit facility to fund New Harbor Capital’s acquisition of a majority interest in PT Solutions Holdings, LLC.
NXT Capital acted as the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for the transaction.
PT Solutions Holdings, LLC (www.pt-solutions.us) operates nearly 40 locations across Alabama, Florida, Georgia, Illinois, Kentucky and Tennessee. In addition to traditional outpatient clinic operations, the company specializes in partnering with hospitals to deliver comprehensive, research-driven therapies.
Chicago-based New Harbor Capital (www.newharborcap.com) is a private equity firm with more than 20 years of experience investing in growth-oriented business services, healthcare and education companies. New Harbor invests alongside strong management teams to systematically build a sophisticated foundation for accelerated growth, and thereby drive value creation. Since 2000, the New Harbor team has completed investments in over 180 businesses.
“We selected NXT Capital to lead this financing based on its expertise in the healthcare industry and reputation for flexibility and responsiveness,” said Tom Formolo, Partner, New Harbor Capital. “NXT offered a solution that addressed this transaction’s unique needs and delivered superior execution throughout. We’re pleased to have partnered with NXT Capital and look forward to a long term relationship.”
NXT Capital provides structured financing solutions to middle market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Equipment Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in Atlanta, Boston, Charlotte, Dallas, Kansas City, Minneapolis/St. Paul, New York, Phoenix, San Francisco and Silicon Valley, NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million. For more information, see www.nxtcapital.com.