NXT Capital closed a senior credit facility in support of Frontenac’s acquisition of EFC International. NXT Capital acted as the administrative agent and sole lead arranger on the transaction.
EFC International, headquartered in St. Louis, is a global provider of engineered fasteners and specialized component solutions serving the automotive, electrified vehicle, industrial and distribution marketplaces.
“NXT helped us structure the best possible financing solution for EFC and was able to move quickly on the transaction,” Neal Sahney, principal at Frontenac, said. “We are excited to partner with NXT as we grow EFC both organically and through acquisitions.”
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle-market buyout transactions in the consumer, industrial and services industries.
