Lynx Equity Completes Another Round of Debt Financing with the Toronto-Dominion Bank
July 10, 2013
Toronto – July 10, 2013 – Lynx Equity Limited (“Lynx”) announced today that it has arranged a bank facility with the Toronto-Dominion Bank (“TD”) in connection with its recent acquisition of NRG Equipment Inc. (“NRG”). This financing will facilitate Lynx’s continued growth in 2013. “We are very pleased to be continuing our partnership with TD,” commented Lynx’s President, Brad Nathan. “We have an excellent working relationship with them, and look forward to building on the partnership.” This transaction is the third completed between TD and Lynx since February. Lynx’s strategy is to acquire and hold businesses with a consistent track record of positive cash flow, and it will continue to utilize this strategy. Lynx has closed four acquisitions in 2013 and continues to pursue several opportunities in the small and medium-sized business market in which its expanding portfolio is focused.
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 Lynx Equity Limited
With sales in excess of $100M, Lynx Equity Limited is a diversified private equity firm focusing on acquiring small and 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
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