M&A
confidence high
sentiment positive
materiality 0.65
FBLC and FBCC acquire Encina Equipment Finance; management retains minority stake
Franklin BSP Capital Corp
- FBLC and FBCC, BDCs advised by Benefit Street Partners, acquired substantially all equity interests of Encina Equipment Finance.
- EEF provides secured leases and loans of $5M-$50M to middle-market companies; has funded over $1B cumulatively since 2017.
- EEF CEO Rick Matte continues to lead; management team retains a minority ownership interest.
- The acquisition provides a permanent capital base to support EEF's expansion in US and Canada.