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Audax Private Equity acquires Techniks from Tenex Capital Management

Audax Private Equity (“Audax P.E.”) a control oriented Private Equity fund has acquired Techniks Industries (“Techniks”). Part of the funding for the deal came in the form of a mezzanine loan. Audax P.E.’s focus is to build leading middle market companies through its investment activity. They have invested over $3 billion across 88 platforms and 414 other add on acquisitions. Techniks is a leading provider of industrial tool holders and cutting tools for the North America region. Techniks was previously held by Tenex Capital Management, a private equity firm based out of New York. LBC Credit Partners (“LBC”) provided the mezzanine loan to help complete the deal. LBC is a leading provider of financing solutions to middle market companies.

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