NXT Capital provides $195 mln loan to Custom Ecology

NXT Capital said Friday that it provided a $195 million loan to Custom Ecology. A portfolio company of Kinderhook Industries, Custom Ecology used the funding to refinance an existing credit facility and for its buy of Stansley Industries. Mableton, Georgia-based Custom Ecology provides municipal, industrial and hazardous waste transportation solutions.


Oracle to acquire VC-backed Maxymiser

Oracle has agreed to buy Maxymiser, a provider of customer experience optimization solutions. No financial terms were disclosed. Maxymiser’s backers included NXT Capital, Investor Growth Capital and Pentech Ventures.

PE-owned Maroon Group acquires D.B. Becker

CI Capital-owned Maroon Group has bought D.B. Becker Co. Inc. No financial terms were disclosed. NXT Capital and MidCap Financial provided the debt funding for the transaction. Based in Clinton, New Jersey, D.B. Becker is a specialty chemicals provider.


NXT Capital closes $408 mln CLO

NXT Capital said Thursday it closed a $408 million CLO. Wells Fargo Securities LLC served as the Lead Manager, Structuring Agent and Bookrunner, while BMO Capital Markets GKST Inc. was Co-Lead Manager.


NXT in $88 mln loan for Trinity Hunt buy of America’s Auto Auction

NXT Capital said Thursday that it provided an $88 million loan to support Trinity Hunt Partners’ buy of America’s Auto Auction Inc. NXT Capital said it acted as Joint Lead Arranger, Administrative Agent and Joint Bookrunner for the transaction. Dallas-based America’s Auto provides pre-owned car auctions.


Riverside completes Five Star acquisition

Riverside has acquired Five Star Painting as an add-on for its Dwyer Group platform. No financial terms were disclosed. Madison Capital, GE Capital, NXT Capital and Ares Capital provided financing for the transaction while Jones Day, KPMG, Fisher Zucker and Cassels Brock advised Riverside on the deal. Based in Spanish Fork, Utah, Five Star is a franchisor of interior and exterior painting services.

NXT Capital Venture Finance backs MyBuys

NXT Capital’s venture finance group has closed a $4.5 million subordinated venture loan to MyBuys, a provider of marketing solutions for retailers, e-commerce sites, brands and agencies. MyBuys will use the capital to drive further expansion initiatives.

NXT Capital Closes $783 Million Leveraged Loan Fund

NXT Capital has closed the NXT Capital Senior Loan Fund II, a $783 million leveraged loan fund that will invest in senior debt transactions originated and underwritten by NXT Capital’s corporate finance group. These include senior secured, stretch senior, unitranche, 2nd lien, term over revolver and last-out term loans made primarily to private equity-sponsored middle market companies in a wide range of industries.

NXT Capital Invests in Maxymiser

NXT Capital’s Venture Finance Group has closed growth financing facilities for Maxymiser, a provider of digital customer experience optimization solutions. These facilities will allow Maxymiser to further accelerate its remarkable revenue growth to date and capitalize on additional strategic growth opportunities.

NXT Capital Closes CLO

NXT Capital has closed NXT Capital CLO 2013-1, a $358 million CLO. The financing, NXT’s second CLO in less than a year, is secured almost exclusively by middle-market senior secured loans originated by NXT and has a three-year reinvestment period.

Allen Joins Freeport Financial

Freeport Financial, which is backed by Moelis & Co., has appointed David Allen an MD focused on healthcare sector investors. Allen joins from NXT Capital where was also an MD responsible for healthcare investments.

Telligent Raises $5m from NXT Capital

NXT Capital’s Venture Finance Group has announced the closing of a $5 million venture loan to Telligent, a provider of social community software for the enterprise. Telligent will use proceeds from this facility for growth.

NXT Capital Backs Lineage Capital’s Halco Lighting Recap

NXT Capital has provided a $21.5 million senior secured credit facility to fund Lineage Capital’s recapitalization of Halco Lighting Technologies. Founded in 1974 and headquartered in Atlanta, Halco Lighting Technologies is a leading manufacturer and supplier of a full line of lamps and ballasts for the commercial, industrial, residential and specialty lighting markets.

NXT Capital Backs Clinipace Worldwide’s Acquisition of Paragon Biomedical

NXT Capital’s venture finance group has provided financing to support Clinipace Worldwide’s acquisition of Paragon Biomedical. Digital contract research organization Clinipace is headquartered in Morrisville, North Carolina and is backed by Morgan Stanley Expansion Capital, Hatteras Venture Partners, Brooke Private Equity, Osage Venture Partners and Mario Family Partners.

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