Daily News: September 12, 2012

NXT Capital Agents Facility for Stonebridge Acquisition

NXT Capital announced that it has provided a $61 million senior secured facility to finance the add-on acquisition of Metaris Hydraulics by Hydraulex Global, a Stonebridge Partners portfolio company. NXT Capital was the lead arranger and administrative agent for this transaction.

Hydraulex Global is a provider in the repair, remanufacture and distribution of hydraulic components, which include pumps, motors, valves/servo and cylinders for a wide variety of industrial, mobile, mining and oil-field applications.

Metaris Hydraulics is a supplier of high-quality aftermarket hydraulic and power transmission components servicing for the mobile and industrial markets.

Chicago, IL-based NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its corporate finance, venture finance and real estate finance groups.

White Plains, NY-based Stonebridge Partners specializes in supporting the growth objectives of middle market manufacturing companies and has invested $575 million of equity in approximately 56 acquisitions.