Chicago, Illinois – NXT Capital today announced that it has provided $36 million in senior secured financing to fund Swander Pace Capital’s acquisition of glōProfessional.
NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
Based in Denver, Colorado, glōProfessional’s passionate commitment to research, education and innovation continues to inspire professional and at-home skin care, hair care and mineral-based make-up collections to deliver radiant beauty for healthy, glowing skin and hair. Including glō•therapeutics skin care, glō•minerals make-up and glō•essentials hair care, glōProfessional is the premier resource for advanced skin therapies, for women and men of all ages.
Swander Pace Capital is a leading private equity firm specializing in investments in growth-oriented, lower middle-market consumer companies. Since its inception in 1996, Swander Pace has used its expertise in this industry to pursue a consistent strategy of acquiring or investing in consumer products companies with leading market positions in attractive, defensible niches. With offices in San Francisco and New Jersey, Swander Pace provides portfolio companies with a unique mix of financial and strategic consulting support to create long-term investment value. Swander Pace has led successful private equity investments in consumer companies with total revenues in excess of $2.0 billion.
NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Equipment Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach, San Francisco and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million. See www.nxtcapital.com for more information.