AEA Investors’ Private Debt group, a provider of private credit to the middle market, led a junior debt investment to support the recapitalization of Tenax Aerospace, a portfolio company of NTC Group.
Headquartered in Ridgeland, MS, Tenax is a provider of special mission aircraft and related services to the U.S. Government and commercial customers. The company focuses on critical special mission aviation programs, designing and executing customized solutions that are recognized for their quality, performance, and scale.
“Tenax plays a vital role in supporting programs that are essential to national security and public safety,” said Tom Groves, Partner at AEA Private Debt. “With its deep technical capabilities, experienced team, and commitment to mission execution, Tenax is well-positioned for long-term success. We are proud to partner with the Company and pleased to further build on our relationship with NTC.”
Reflective of AEA Private Debt’s partnership-oriented approach, this marks the third transaction the team has completed in support of an NTC portfolio company, two of which have been investments from AEA Private Debt’s most recent mezzanine fund.
“AEA Private Debt brought deep expertise, creative solutions, and a highly collaborative approach to this transaction,” said Taran Bakker, Director of Tenax and Partner at NTC. “Their ability to move efficiently and align around Tenax’s strategic objectives was instrumental, and we value their partnership as the Company enters its next stage of growth.”
MetLife Investment Management participated in the financing alongside AEA Private Debt.
