NXT Provides $65.5MM for First Atlantic Acquisition
NXT Capital announced that it provided $65.5 million in senior secured facilities to fund First Atlantic Capital’s acquisition of TestEquity.
NXT Capital was the sole lead arranger, sole bookrunner and administrative agent for the transaction.
TestEquity specializes in selling and renting new and reconditioned bench-top general purpose test and measurement equipment.
First Atlantic Capital is a middle-market private equity firm that focuses on the plastics and packaging, food and beverage, industrial products, business services and consumer products industries.
“NXT Capital was a natural choice for financing this deal following the successful relationship we established during the Resource Label Group acquisition,” said Emilio Pedroni, managing director, First Atlantic Capital.
NXT Capital provides structured financing solutions to middle-market and emerging growth companies.