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Slide #95. Solar Capital Ltd. — Crystal Financial LLC
Solar Capital Ltd. (NASDAQ:SLRC)
Crystal Financial LLC
Solar Capital Ltd. announced that it has entered into a definitive agreement, dated December 17, 2012, with SSP Energy Ltd., Quartz Managers LLC and Quantum Strategic Partners Ltd. to acquire Crystal Capital Financial Holdings LLC, a commercial finance company focused on providing asset-based and other secured financing solutions. Crystal Financial's management team, including while at prior businesses, has underwritten and closed more than $20 billion of transactions for its clients since 1993.
Solar Capital is a closed-end, externally managed, non-diversified management investment company. Co.'s investment objective is to generate both income and capital appreciation through debt and equity investments. Co. invests primarily in middle-market companies in the form of senior secured loans, stretch-senior loans, unitranche loans, mezzanine loans and equity securities. In addition, Co. invests a portion of its portfolio in other types of investments, which include, but are not limited to, direct investments in public companies that are not traded and securities of companies located in select countries outside of the U.S.
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Buy (3.17 out of 4)