Franklin BSP Lending Company and Franklin BSP Capital Company, Associates of Profit Road Companions, Purchase Encina Tools Finance, LLC – Yahoo Finance

NEW YORK, January 05, 2022–(BUSINESS WIRE)–Franklin BSP Lending Company ("FBLC") and Franklin BSP Capital Company ("FBCC"), enterprise growth firms suggested by associates of Profit Road Companions L.L.C. ("BSP"), as we speak introduced the acquisition of considerably all the fairness pursuits of Encina Tools Finance, LLC ("Encina Tools" or "EEF"), a number one non-bank tools finance platform offering secured leases and loans to middle-market firms. The acquisition supplies EEF with a capital base to help the continued growth of its platform as a number one tools finance options supplier within the US and Canada.
Encina Tools supplies leases and loans secured by revenue-producing, essential-use tools ranging in measurement from roughly $5 million to $50 million to middle-market, non-investment grade firms throughout a variety of industries. Since its inception in 2017, EEF has underwritten greater than 125 transactions totaling over $1 billion in cumulative funded quantity.
Encina Tools will proceed to be led by Rick Matte, its President and CEO, and stay headquartered in Westport, CT. As a part of the transaction, members of the administration crew will retain a minority possession curiosity in EEF. Encina Tools will function independently as a portfolio firm of FBLC and FBCC.
In reference to this announcement, Mr. Matte stated, "We’re excited to embark on our firm’s subsequent stage of development and look ahead to collaborating with BSP to proceed to supply crucial tools financing options to our shoppers. BSP’s credit score experience and cultural match, mixed with a everlasting capital base, make it a great accomplice for EEF. The administration crew and I are additionally extremely appreciative of the inspiration and help now we have obtained from our founding companions at Encina Capital Companions and funds managed by Oaktree Capital Administration, L.P. to place our agency for this subsequent part."
"EEF represents a compelling funding alternative for our two BDCs," stated Richard Byrne, President of BSP and CEO of FBLC and FBCC. "The Encina Tools crew has constructed a best-in-class tools finance platform that’s effectively positioned for continued development. EEF enhances our core personal debt enterprise and broadens the suite of financing options throughout our platform. We’re excited to accomplice with Rick and the remainder of the EEF crew."
Andrew Salter, Founder and CEO of Encina Capital Companions, commented, "I’m grateful for the super help that we’ve obtained from funds managed by Oaktree Capital Administration, L.P. and our lender group in addition to the numerous contributions from my companions Willie Brasser, Ron Fontana and Jason Wolff, and I’m assured that EEF is effectively positioned for a extremely profitable subsequent chapter with BSP."
BofA Securities served as unique monetary advisor to FBLC and FBCC. Wells Fargo Securities, LLC served as unique monetary advisor to EEF. Skadden, Arps, Slate, Meagher & Flom LLP and Reed Smith LLP served as authorized advisors to EEF. Hogan Lovells US LLP, Dechert LLP and Ropes & Grey LLP served as authorized advisors to BSP.
About Encina Tools Finance
Launched in June 2017, Encina Tools Finance supplies loans and leases ranging in measurement from $5 million to $50 million secured by essential-use equipment and tools. The platform supplies financing to each privately owned (sponsor and non-sponsor) and publicly traded firms throughout a variety of collateral varieties and industries (together with, however not restricted to, development, distribution, vitality, meals processing, well being care, info expertise, manufacturing, mining, paper & packaging, and transportation). To study extra, go to
About Franklin BSP Lending Company
FBLC is a non-listed enterprise growth firm with a $2.5 billion funding portfolio as of September 30, 2021. FBLC’s funding portfolio primarily consists of loans to middle-market firms. FBLC has elected to be regulated as a enterprise growth firm beneath the Funding Firm Act of 1940, as amended. FBLC is managed by its funding adviser, Franklin BSP Lending Adviser, L.L.C., an affiliate of Profit Road Companions L.L.C. For additional info, please go to This press launch isn’t a suggestion to promote any securities issued by FBLC and isn’t soliciting a suggestion to purchase such securities.
About Franklin BSP Capital Company
FBCC is a non-listed enterprise growth firm with $600 million of investor commitments as of September 30, 2021. FBCC’s funding portfolio primarily consists of loans to middle-market firms. FBCC has elected to be regulated as a enterprise growth firm beneath the Funding Firm Act of 1940, as amended. FBCC is managed by its funding adviser, Franklin BSP Capital Adviser L.L.C., an affiliate of Profit Road Companions L.L.C. This press launch isn’t a suggestion to promote any securities issued by FBCC and isn’t soliciting a suggestion to purchase such securities.
About Profit Road Companions
Profit Road Companions L.L.C. is a number one credit-focused different asset administration agency with roughly $36 billion in belongings beneath administration as of November 30, 2021. BSP manages belongings throughout a broad vary of complementary credit score methods, together with personal/opportunistic debt, structured credit score, excessive yield, particular conditions, long-short liquid credit score and business actual property debt. Primarily based in New York, the BSP platform was established in 2008. BSP is an entirely owned subsidiary of Franklin Sources, Inc. For additional info, please go to
About Franklin Templeton
Franklin Sources, Inc. (NYSE:BEN) is a worldwide funding administration group with subsidiaries working as Franklin Templeton and serving shoppers in over 165 international locations. Franklin Templeton’s mission is to assist shoppers obtain higher outcomes by funding administration experience, wealth administration and expertise options. By means of its specialist funding managers, the corporate brings in depth capabilities in fairness, fastened earnings, multi-asset options and options. With places of work in additional than 30 international locations and roughly 1,300 funding professionals, the California-based firm has over 70 years of funding expertise over $1.5 trillion in belongings beneath administration as of November 30, 2021. For extra info, please go to
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