Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, has partnered with Sorenson Capital, a private equity firm, in its investment in Axiom Materials, Inc., a manufacturer of proprietary advanced composite materials and related products for customers in the aerospace and defence, industrial, automotive, medical device, and electronics industries.
Sorenson sponsored the transaction in which it, Yukon, and other institutional co-investors facilitated the recapitalisation of Axiom. NXT Capital provided the senior credit facility and mezzanine capital was provided by Yukon. Schiff Hardin LLP served as legal counsel to Yukon.Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, has partnered with Sorenson Capital, a private equity firm, in its investment in Axiom Materials, Inc., a manufacturer of proprietary advanced composite materials and related products for customers in the aerospace and defence, industrial, automotive, medical...#
Johnny Lincoln, Ph.D., founder and president of Axiom Materials said, “We are delighted to partner with Sorenson Capital and Yukon Partners to co-author the next major chapter in the Axiom Materials story. With the combined capabilities of Axiom, Sorenson Capital and Yukon Partners, the company's future has never been brighter. We are now aligned and capitalised to accelerate our long-term strategic goals and ultimately reach our highest potential. It is an exciting time to be part of the Axiom team.”
LeGrand Lewis, managing director of Sorenson Capital said, “We are tremendous believers in Axiom Materials and its future. Johnny and his team have built an exceptional company that has been able to attract and develop some of the best talent in the industry, and to establish world-class technology, technical and manufacturing excellence, in addition to a culture of high integrity. We are excited to see what this phenomenal company will accomplish with this infusion of capital and an expanded network of professional relationships.”
William Dietz, managing partner of Yukon said, “Yukon is excited to partner with Axiom and Sorenson to support the next phase of the Company's growth. Axiom's reputation as an innovative and leading manufacturer of advanced composite materials positions it well for continued, profitable growth in the evolutionary composites space.” (GK)
Fibre2Fashion News Desk – India
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