Vivify Specialty Ingredients nets loan backing acquisition by Gryphon

Vivify Specialty Ingredients received a first-lien credit facility backing a buyout of the company by Gryphon Investors. NXT Capital was administrative agent, lead arranger and bookrunner.

Gryphon Investors acquired the business in partnership with the company's family owner, Aakash Shah, according to a Dec. 27 statement about the transaction. Shah will remain on the company board and continue to be part of the Vivify management team.

Vivify provides specialty organic colorants, functional ingredients, and additives to various consumer and industrial end markets.