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NXT Capital Provides Senior Credit Facility to Support Frontenac’s Acquisition of EFC International

November 09, 2021, 07:18 AM
Filed Under: Specialty Industries

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 this 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. Providing a high level of engineering support to customers and protecting supply chains is a cornerstone of EFC's model. Close supplier partnerships with world-class market leaders and innovators enables EFC to meet the unique and evolving needs of each customer. EFC's engineered products include plastic injection molded components, spring steel stampings, cold-formed fasteners, clamp products, motion control and routing components, electrical/electronic connectors, and light assemblies among numerous other products. EFC has locations in North America, Europe and Asia.

“NXT helped us structure the best possible financing solution for EFC and was able to move quickly on the transaction,” said Neal Sahney, Principal at Frontenac. “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. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50 years, Frontenac has built a leading franchise working with over 275 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning.

NXT Capital provides structured financing solutions through its Direct Lending and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Dallas, and New York. NXT Capital is a wholly owned subsidiary of ORIX Corporation USA.

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