NXT Capital Funds WestView’s Apex Print Acquisition
NXT Capital announced it provided a senior secured credit facility to fund Westview Capital Partners’ acquisition of Apex Print Technologies. NXT Capital acted as sole lead arranger, sole bookrunner and administrative agent.
Apex Information Technologies is an award-winning, data-driven company focused on the back-end segment of revenue cycle management, primarily in the healthcare industry. Through a proprietary platform, the company provides a complete suite of billing cycle solutions that help customers improve efficiency, reduce costs, increase cash-flow and more efficiently manage their revenue cycle. Saint Paul, MN-based Apex was founded in 1995.
WestView Capital Partners, a Boston-based private equity firm focused exclusively on the lower middle-market, manages approximately $1.5 billion of capital across three funds. The firm partners with existing management teams to sponsor minority and majority recapitalizations, as well as growth and consolidation transactions in a wide range of industries that includes healthcare services, business and technology services, software, industrial/manufacturing and consumer/retail.
“NXT Capital was an outstanding financing partner,” said John H. Turner, general partner, WestView Capital Partners. “NXT’s experience in the healthcare revenue cycle management industry and ability to provide a unitranche structure that met our needs were important considerations.”