Chicago, Illinois – NXT Capital announced today that it has provided a senior credit facility to support Sentinel Capital Partners’ recapitalization of Online Labels Group.
NXT Capital acted as the Administrative Agent, Joint Lead Arranger, and Joint Bookrunner on this transaction.
“We are pleased to collaborate with NXT Capital on yet another transaction,” stated Louis Brotherton, Principal, Sentinel Capital Partners. “NXT Capital demonstrated swift and cooperative efforts, working closely with our team to provide an excellent solution for the company.”
Sentinel Capital Partners invests in midmarket businesses in the United States and Canada. Sentinel targets the Business Services, Consumer, Healthcare Services, and Industrials sectors and invests in management buyouts, recapitalizations, corporate carveouts, going-private transactions, and noncontrol senior equity and debt securities of established businesses with EBITDA of up to $80 million.
Online Labels Group (OLG) represents a dynamic union of leading label industry players, bringing together Online Labels, a premier e-commerce label company, with Consolidated Label and Bay Tech Label. This award-winning consortium provides pressure-sensitive labels, shrink sleeves, and flexible packaging solutions. Known for its speed, quality, and long-term customer relationships, OLG is a one-stop shop for businesses of all sizes, from enterprise-scale to micro and emerging businesses. OLG’s state-of-the-art operations include its corporate headquarters in Sanford, Florida and manufacturing facilities in Pennsylvania, Nevada, Missouri, and Florida.
NXT Capital provides structured financing solutions through its Direct Lending group and is based in Chicago with offices in Atlanta, Dallas, and New York. NXT Capital is a wholly-owned subsidiary of ORIX Corporation USA.