Philadelphia, PA, April 23, 2013 - LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, announced the completion of a senior secured term loan to Quintec, a portfolio company of Tenex Capital Management ("Tenex"). Proceeds from the transaction were used to partially finance the merger of NAP GLADU with Techniks and BC Saw and to provide for Quintec's ongoing working capital and general corporate needs. 

Quintec is the leading independent provider of cutting tools, cutting tool holders and related services in North America. They were created through the merger of Techniks, Inc. and BC Saw & Tool, Inc. with NAP Tools LLC (d/b/a NAP GLADU), a portfolio company previously acquired by Tenex. The merger created significant synergies in technologies, products and distribution to ensure continued and significant growth at both companies. 

Techniks is an industry leader in the design and distribution of high-quality industrial tool holders, cutting tools and accessories. Techniks is the fastest growing supplier in the tool holding sector and its products are sold through local distributors throughout North America under the brands of Techniks, Nexus and Earthchain. BC Saw has been specializing in the sale and service of carbide saws, routers, cutters, diamond tooling, bandsaw blades, metal saws and custom tooling since 1966. 

LBC worked closely with the firm on all aspects of the international transaction, helping to structure the complex deal and create a highly attractive financing package that provides flexibility to continue expanding the Quintec platform.

Tenex Capital Management, LLC is a private equity firm with $452M of committed capital that makes control investments in middle market companies. Tenex utilizes an in-house team of hybrid professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex has established a successful track record investing in diverse industries, including transportation, industrials, manufacturing and health and business services. For more information, please visit http://www.tenexcm.com. LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $1.25 billion of committed capital, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has offices in New York City and Chicago.