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NXT Capital Closes Credit Facility to Support Sentinel Capital Partners’ Acquisition of TTG Imaging Solutions

January 18, 2022, 07:40 AM
Filed Under: Healthcare
Related: NXT Capital

NXT Capital closed a senior credit facility in support of Sentinel Capital Partners’ acquisition of TTG Imaging Solutions, LLC. NXT Capital acted as the Administrative Agent, Lead Arranger, and Lead Bookrunner on this transaction.

“The NXT Capital team was a pleasure to work with,” said Louis Brotherton, Principal, Sentinel Capital Partners. “NXT worked collaboratively alongside management and our team to deliver a great solution for the company.”
TTG Imaging Solutions provides a breadth of product and service offerings with its End-to-End Solution. Through organic growth, key partnerships, and targeted acquisitions, TTG delivers solutions to a broad continuum of healthcare providers within the United States. ISO 9001:2015 and ISO 13485:2016 certified in sales, repair, refurbishment, installation, parts, and servicing of medical imaging devices.

Sentinel Capital Partners specializes in buying and building midmarket businesses in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds, and minority junior capital solutions.

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