TZP Group announced the realization of its investment in Kingsbridge Holdings, an independent lessor of information technology, industrial and healthcare essential-use equipment.

As previously reported, Solar Capital acquired a majority stake in Kingsbridge Holdings from TZP Capital Partners and its affiliates and the Kingsbridge management team.

Founded in 2006 and based in Lake Forest, IL, Kingsbridge provides 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 more than $1 billion of leases since inception. Kingsbridge 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,” Vlad Gutin, partner at TZP, said. “We are grateful for their concerted efforts and partnership.”

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

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

TZP Group is a private equity firm with $1.7 billion raised since inception across its family of funds, including TZP Capital Partners, TZP Small Cap Partners and TZP Strategies.