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NXT Capital Closes Senior Credit Facility in Support of Audax Private Equity’s Acquisition of Krayden

April 14, 2023, 07:48 AM
Filed Under: Economic Commentary

NXT Capital 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.

“NXT worked quickly and effectively alongside management to successfully close on this transaction,” said Brian Doherty, Managing Director, Audax Private Equity. “We look forward to partnering with the NXT team in the future.”
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.

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