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Announced

Completed

Solar Capital completed the acquisition of a majority stake in Kingsbridge Holdings from TZP for $216m.

Financials

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Transaction Value£166m
Consideration TypeCash
Capital Owned-
Capital Bid For88%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Single Bidder

Equipment Rental

Private

Acquisition

Majority

Friendly

Private Equity

consumer services

Completed

United States

Disposal

Mbo

Synopsis

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Investment firm Solar Capital completed the acquisition of a majority stake in Kingsbridge Holdings, an independent lessor of information technology, industrial, healthcare, and commercial essential-use equipment, from TZP, a private equity firm, for $216m. "We are excited about the opportunity to expand Kingsbridge’s relationship with Solar Capital and the growth opportunities our partnership provides the Kingsbridge platform going forward. Solar Capital's stable, long-term funding will enhance Kingsbridge’s ability to provide innovative financing solutions to its clients," Dan Flagstad, Kingsbridge Co-founder and Co-CEO.

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