nFusion Capital provided a $5 million asset based lending facility to a New York-based private equity firm, following its court-approved Chapter 11 acquisition of a 3D printing and advanced manufacturing company. The financing will support the private equity firm’s turnaround plan and the relaunch of the manufacturer.
The acquisition included binder jet 3D printing technologies, polymer foam capabilities, associated intellectual property, customer contracts and accounts receivable. The manufacturer’s clients include government agencies and large blue-chip companies in a diverse range of industries.
With significant growth potential, the private equity firm is repositioning the acquired company as an AI-enabled advanced manufacturing platform aimed at strengthening U.S. production capacity across critical sectors. Seeking a lending partner to provide growth capital, the private equity firm was referred to nFusion Capital by a purchase order finance company.
nFusion responded with a tailored $5 million asset based lending solution and partnered with Iron Horse Credit to maximize borrowing capacity against the company’s inventory.
“We’re excited to back a private-equity–supported company with exceptional growth prospects and establish what we expect will be a long-standing partnership,” said Alexandra Scoggin, nFusion Capital Senior Executive Vice President. “By teaming up with Iron Horse Credit, we delivered an inventory-heavy focused financing structure while offering a $5 million asset based lending facility to support their expansion. Partnerships such as this help us drive growth for companies who have unique, out-of-the-box requirements.”
The facility will enable the private equity firm to execute the turnaround, relaunch operations and accelerate the company’s growth trajectory.