Barings and Encina management completed the acquisition of Encina Business Credit from Encina Capital Partners.

Barings, a financial services provider, and Encina management completed the acquisition of Encina Business Credit, a non-bank asset-based lender for both privately owned and publicly traded companies, from Encina Capital Partners, a private equity firm. Financial terms were not disclosed. "Same people, same product and same solution-oriented approach. We will maintain the same disciplined and differentiated approach to ABL lending that has allowed us to scale our business to the level we have and continue to do so. We look forward to providing the same compelling value proposition under a new brand name," Marty Battaglia, EBC CEO.