Eldridge Industries (Eldridge) has closed USD1.36 billion of common equity issued to a partnership owned substantially by Swiss businessman and philanthropist, Hansjörg Wyss, and Eldridge Co-Founder, CEO and controlling-member, Todd Boehly.
This marks the second investment the Wyss and Boehly partnership have made into Eldridge. The new proceeds will further capitalise Eldridge and will drive strategic growth across the Company’s businesses.
“The new capital raised is a testament to our Company’s positive trajectory, strengthens our balance sheet, and positions us to further invest in our initiatives,” says Boehly. “We believe this additional capital will benefit all stakeholders of our businesses and will provide Eldridge with additional resources to pursue investments and acquisitions.”
Eldridge has invested across diversified industries and has been the primary capital support for Kansas-based insurer, Security Benefit.
