Audax Private Debt Provides Financing to Support J.F. Lehman’s Acquisition of Forged Solutions Group
NEW YORK - Audax Private Debt announced that, as Joint Lead Arranger, it provided a senior secured credit facility to support J.F. Lehman & Company in their acquisition of Forged Solutions Group (“FSG” or the “Company”).
With roots dating back to 1836, FSG is a provider of high specification forgings for the aerospace, defense, and space end markets with a particular focus on flight-critical, rotating aeroengine components. The Company maintains vertically-integrated rolled rings, closed die, extrusion, and open die forging capabilities across a range of alloys, including nickel, titanium, steel, and aluminum in support of global OEM and Tier 1 customers. Headquartered in Sheffield, U.K., FSG operates seven manufacturing facilities across the U.K. and U.S. and employs approximately 840 people.
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested $52 billion in support of over 295 private equity sponsors. Audax Private Debt provides tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging 35 years in private credit and 23 years working together at the firm through multiple economic cycles.
