AcquisitionsJun 22, 2026, 04:27 PM
Ridgepost Capital Completes Stellus Acquisition for $125M Cash
AI Summary
Ridgepost Capital, Inc. announced the completion of its previously announced acquisition of Stellus Capital Management, LLC, a leading U.S. direct lender with approximately $4 billion in assets under management. The upfront consideration for the acquisition included $125,000,000 in cash, 11,191,149 Class A membership units of Ridgepost LLC, and 579,096 shares of Ridgepost Capital's Class A Common Stock. An additional earnout of up to $60,000,000 is possible based on Stellus's future financial performance. The company financed the cash portion through cash on hand and a $139,000,000 drawdown from its credit facility, which also saw an increase of $20.0 million in revolving commitments.
Key Highlights
- Ridgepost Capital completed the acquisition of Stellus Capital Management, LLC.
- Upfront consideration included $125,000,000 in cash.
- Upfront consideration included 11,191,149 Class A membership units of Ridgepost LLC.
- Upfront consideration included 579,096 shares of Ridgepost Capital Class A Common Stock.
- An additional earnout of up to $60,000,000 may be paid based on Stellus's financial performance.
- Stellus Capital Management has approximately $4 billion in assets under management.
- Ridgepost LLC drew down $139,000,000 from its revolving credit facility to fund the cash consideration.
- Revolving commitments under the credit agreement were increased by $20.0 million.
Price Impact
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