Chicago, Illinois – NXT Capital announced that it has provided a $53.5 million senior secured credit facility to support MidOcean Partners’ significant investment in IMAGE Skincare.
NXT Capital acted as the Lead Arranger, Bookrunner and Administrative Agent for this transaction.“We are pleased to work with NXT Capital on our recent investment in IMAGE Skincare,” said Jonathon Marlow, Principal, MidOcean Partners. “NXT provided a flexible financing solution which allowed us to move forward quickly and with certainty, on terms that address our plans for the company’s growth.”
IMAGE Skincare is an evidence-based clinical skin care company that provides professional skincare products and effective skincare solutions. The premium-branded skincare products are sold primarily through the spa, aesthetician and physician channels.
Headquartered in New York, MidOcean Partners is a private equity firm specializing in middle market investments in high quality companies with stable market positions and multiple opportunities for growth. Targeted sectors include consumer and business and media services.
NXT Capital provides structured financing solutions through its Corporate Finance, Equipment Finance and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Charlotte, Dallas, Los Angeles, Nashville, New York, Phoenix, San Francisco and Stamford.