Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Sold by Invesco Ltd.

Bain Capital Specialty Finance, Inc. (BCSF) is a specialty finance company that provides financing solutions to companies in various industries, including healthcare, technology, and media. The company operates through two segments: Healthcare Finance and Technology Finance.

Invesco Ltd. is a global investment management firm that offers a range of products and services, including mutual funds, exchange-traded funds (ETFs), and real estate investment trusts (REITs). Invesco is headquartered in Atlanta, Georgia, and has operations in more than 20 countries.

On August 19, 2021, BCSF announced that it had sold approximately 3.5 million shares of its common stock to Invesco for a total purchase price of $47.6 million. The sale represented approximately 1.8% of BCSF's outstanding common stock as of August 19, 2021.

The proceeds from the sale will be used by BCSF to fund its growth initiatives and working capital needs. The transaction is expected to close on or about August 31, 2021, subject to certain customary closing conditions.

Invesco's investment in BCSF reflects its confidence in the company's growth prospects and ability to generate strong returns for its shareholders. BCSF has a strong track record of providing financing solutions to companies in various industries, and its focus on specialty finance positions it well for continued growth and success.