Business
NewStar Financial arranges financing for RLJ Equity Partners acquisition of Naylor LLC
Robert L. Johnson, Founder and Chairman of The RLJ Companies
Earlier this month, NewStar Financial, Inc., a specialized commercial finance company, announced that it has served as Lead Arranger and Administrative Agent for Senior Credit Facilities totaling US$38 million to support RLJ Equity Partners’ acquisition of Naylor, LLC.
Founded in 1969, Naylor LLC., provides customized communications and business services that include a full suite of print and digital media, event management, exchange event and related marketing and business services for over 450 associations in the United States and Canada.
Jerry Johnson, Managing Director of RLJ Equity Partners, said, “This is the first transaction we closed with NewStar Financial, and the team did a fantastic job. We really appreciate their ability to dedicate the resources to move quickly and close this transaction in a timely, hassle-free manner.”
“We are excited to support RLJ’s acquisition of Naylor and to have another opportunity to work with Naylor’s great management team,” said Eric Barton, Director at NewStar. The deal team for the transaction included Eric Barton, Robert Milordi, Scott Trefry and Martin Loew.
About NewStar Financial, Inc.: NewStar Financial Inc., is a specialized commercial finance company focused on meeting the complex financing needs of companies and private investors in the middle market. The Company specializes in providing senior secured debt financing options to mid-sized companies to fund working capital, growth strategies, acquisition and recapitalization, as well as, equipment purchases.
NewStar Financial, Inc., originates loans and leases directly through a team of experienced, senior bankers and marketing officers organized around key industry and market segments. The Company targets ‘hold’ positions of up to US$35 million and selectively underwrites or arranges larger transactions for syndication to other lenders. The company is is headquartered in Boston MA and has regional offices in Atlanta GA, Chicago IL, Dallas TX, Darien CT, Los Angeles CA, Philadelphia PA, San Francisco CA, and Portland OR.
