Chicago, Illinois – NXT Capital announced today that it closed a senior credit facility in support of Audax Private Equity’s acquisition of Krayden.
NXT Capital acted as the Administrative Agent, Joint Lead Arranger and Joint Bookrunner on this transaction.
Headquartered in Denver, CO, Krayden is a value-added distribution platform with longstanding supplier relationships and a solutions-focused technical sales team serving its customers across engineering-driven applications in aerospace and defense, electronics, and industrial markets. The company enjoys relationships with a blue-chip supplier base and provides mission-critical products to original equipment manufacturers (OEMs) who rely on Krayden’s suite of products for specialized, ‘no-fail’ applications.
Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $15 billion of assets under management, over 185 employees, and 85-plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,200 add-on acquisitions. Through our disciplined buy-and-build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value. Audax Private Equity is a part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management.
NXT Capital provides structured financing solutions through its Direct Lending group and is based in Chicago with offices in Atlanta, Dallas, and New York. NXT Capital is a wholly-owned subsidiary of ORIX Corporation USA. For more information visit www.nxtcapital.com.