Lynx Equity Completes Debt Financing with the Toronto-Dominion Bank
May 14, 2013
Toronto, May 14, 2013 – Lynx Equity Limited (“Lynx”) announced today that, with the assistance of Cranson Capital Solutions (“Cranson”), it has arranged a bank facility with the Toronto-Dominion Bank (“TD”) in connection with its recent acquisition of Superior Road Products (“Superior”). This financing will facilitate Lynx’s continued growth in 2013. “We are very pleased to be entering into this partnership,” commented Lynx’s President, Brad Nathan. “We have an excellent working relationship with TD, and look forward to building on this facility. The financing represents a new step for Lynx as the loan was extended based on the consistent cash flow of Superior rather than its tangible net book value,” Nathan stated. “Given Lynx’s strategy to acquire businesses with a solid track record of positive cash flow, we will likely continue to utilize this financing strategy.” Lynx has closed three acquisitions to date in 2013 and continues to pursue several opportunities in the small to medium sized business market in which their expanding portfolio is focused.
About Lynx Equity Limited
With sales in excess of $100M, Lynx Equity Limited is a diversified private equity firm focusing on acquiring small to medium sized businesses from owners looking to retire. Lynx targets transactions between $2 million and $8 million and utilizes a buy and hold strategy. www.lynxequity.com
About TD Bank Group
Headquartered in Toronto, Canada, with more than 85,000 employees in offices around the world, The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group. TD offers a full range of financial products and services to approximately 22 million customers. www.td.com
About Cranson Capital Solutions
Cranson Capital Solutions is a corporate finance advisory firm servicing small and medium sized businesses. Cranson specializes in assisting firms looking to raise between $500,000 and $20,000,000 in both Canada and the United States. www.cransoncapital.com
For more information, please contact pr@lynxequity.com
