Daily News: December 20, 2013

NXT Capital Provides $98MM for Tenex Capital Acquisition

NXT Capital announced that it provided a $98 million senior secured facility to fund Tenex Capital Management’s acquisition of JPW Industries.

NXT Capital was the joint lead arranger, sole bookrunner and administrative agent for this transaction.

“NXT Capital was a valuable partner in the JPW Industries transaction,” said Scott Galletti, managing director, Tenex. “The NXT team was flexible and responsive in supporting our investment. We appreciated NXT’s efforts throughout the deal process.”

Nashville-based JPW Industries designs and markets manual metalworking and woodworking machinery, tool products and a complete range of related shop equipment under the JET, Wilton and Powermatic brands. The company also operates in Switzerland, Germany, Russia, France, Taiwan and China.

New York City-based Tenex Capital Management is a private equity fund.