NXT Capital has provided a $20 million senior secured facility to finance Great Hill Partners’ acquisition of Legacy.com. NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
Legacy.com provides online obituary and memorial services to more than 800 newspapers in the North America, Europe, Australia and New Zealand. The company’s online obituary sites draw 20 million unique visitors each month through its partnership with 85 of the 100 largest newspapers in the United States. The comapny is based in Evanston, IL (www.Legacy.com).
Great Hill Partners manages over $2.5 billion in capital to finance the expansion, recapitalization or acquisition of growth companies in a wide range of sectors within the media/communications, Internet, business services, consumer services, financial technology, healthcare technology, software, and transaction processing sectors. GHP targets investments of $25 million to $150 million. The firm is based in Boston, MA (www.greathillpartners.com).
NXT provides structured financing solutions to middle-market and growth companies through its Corporate Finance, Real Estate Finance and Venture Finance groups, originating transactions directly on a national basis. The company targets senior financing opportunities of up to $150 million with a hold size up to $50 million. NXT Capital is led by former principals of Merrill Lynch Capital and was formed in 2010 by Stone Point Capital and the founding management team. The firm is based in Chicago, IL (www.nxtcapital.com).
