TZP Group Sells Stake in Kingsbridge Holdings

New York, NY – November 16, 2020

TZP Group LLC (“TZP”) today announced the realization of its investment in Kingsbridge Holdings LLC (“Kingsbridge”), a leading independent lessor of information technology, industrial and healthcare essential-use equipment to a diverse, blue-chip customer base.

Founded in 2006 and based in Lake Forest, Illinois, Kingsbridge provides intelligent, independent financing solutions and asset management expertise principally to help investment-grade customers make informed decisions regarding equipment purchases. Kingsbridge focuses on mid-ticket equipment leases and has originated over $1 billion of leases since inception. Kingsbridge actively assists customers in equipment portfolio management, including selection, tailored financial solutions, replacement timelines, and asset management.

“Under the leadership of Dan Flagstad, John Morand and the rest of Kingsbridge's management team, Kingsbridge successfully expanded its business, while maintaining outstanding lease portfolio performance throughout our investment. We are grateful for their concerted efforts and partnership,” said Vlad Gutin, Partner at TZP.

“TZP helped us scale our business both organically and through acquisitions to solidify our position as a preeminent independent lessor. We appreciate TZP's dedication to providing a collaborative and mutually beneficial partnership for the last four years,” said Dan Flagstad, Co-Founder and Co-Chief Executive Officer of Kingsbridge.

Vlad Gutin, Zack Vertsman and Manvir Heir worked on the transaction for TZP. Greenberg Traurig, LLP and Kirkland & Ellis LLP provided legal counsel.