Daily News: April 21, 2015

NXT Facility Supports Irving Place’s Buy


NXT Facility Supports Irving Place’s Buy

NXT Capital provide a $138.5 million senior facility to finance Irving Place Capital’s acquisition of Bendon.

“We are pleased to have NXT as a financing partner, said David Choi, Vice President, Irving Place Capital. “NXT provided competitive terms and delivered on their commitments within a condensed timeframe.”

Bendon is a designer and producer of children’s coloring and activity products.

New York City-based Irving Place Capital is a middle market private equity firm that invests in buyouts, recapitalizations and growth capital opportunities.