Solar Capital Ltd. (Nasdaq: SLRC) expanded its specialty finance platform with the acquisition of a majority stake in Kingsbridge Holdings LLC, a leading independent lessor of IT, industrial, healthcare, and commercial equipment. The $216 million transaction, completed with a mix of equity and debt, brought Kingsbridge’s $440 million diversified lease portfolio—100% performing and largely investment-grade—under the Solar Capital umbrella. Since its founding in 2006, Kingsbridge had originated more than $1 billion in leases, making it a strong addition to Solar Capital’s portfolio and reinforcing its position in the specialty finance market.
Read more in the original press release.
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