M&A Deal Summary

SLR Investment Acquires Kingsbridge Holdings

On November 5, 2020, business development company SLR Investment acquired financial services company Kingsbridge Holdings from TZP Group

Acquisition Highlights
  • This is SLR Investment’s 1st transaction in the Financial Services sector.
  • This is SLR Investment’s 1st transaction in the United States.
  • This is SLR Investment’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-11-05
Target Kingsbridge Holdings
Sector Financial Services
Buyer(s) SLR Investment
Sellers(s) TZP Group
Deal Type Secondary Buyout

Target

Kingsbridge Holdings

Lake Forest, Illinois, United States
Kingsbridge Holdings is a lessor of IT and essential-use equipment to a diverse set of high credit quality customers. Kingsbridge and its subsidiary, Trilogy Leasing, LLC, provide intelligent, independent financing solutions to help customers make informed decisions regarding equipment acquisition. Kingsbridge Holdings was founded in 2005 and is based in Lake Forest, Illinois.

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Buyer(S) 1

Buyer

SLR Investment

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Solar Capital is a business development company that looks to provide a variety of financing solutions to middle-market companies. Solar seeks to invest minority, junior, or senior capital to profitable, US-based companies with $50 million to $1 billion in revenue. The Firm typically partners with entrepreneurs or private equity sponsors when pursuing investments. Solar Capital was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 11 of 16
Sector (Financial Services) 2 of 2
Type (Secondary Buyout) 6 of 7
State (Illinois) 1 of 2
Country (United States) 11 of 15
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 SA Company

Boynton Beach, Florida, United States

SA Company is an e-commerce retailer that is focused on providing quality outdoor apparel and accessories. Well known for its popular Face Shield® line of tubular bandanas, the Company has become synonymous with innovative, affordable products that enhance the outdoor experience, across fishing, hunting, boating, and similar outdoor verticals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Awareness Technologies

Westport, Connecticut, United States

Awareness Technologies provides endpoint security solutions for both home and business. ATI both develops and acquires market-leading solutions trusted by millions of parents and thousands of businesses. Awareness Technologies was founded in 2002 and is based in Westport, Connecticut.

Buy -
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