January 26, 2012 - Marketwire -- Test Advantage Capital Group, a business of Boston Semi Equipment LLC (BSE Group), surpassed $150 million in its portfolio of semiconductor manufacturing equipment under management. Boston Semi Equipment's fab equipment leasing business also received a $100 million annual commitment from its financial backer, Wafra Capital Partners.
Test Advantage Capital, formed with Somerset Capital Group, develops structured financing plans for BSE Group customers, enabling them to acquire assets with financial flexibility and efficiency.
With Wafra's funding commitment, BSE Group will grow its portfolio of semiconductor front-end and back-end equipment for lease. The BSE Group provides short term, long term, systems, options, subsystems and spares level rentals/leases.
The financial partnerships with Wafra and the Somerset Capital Group enable BSE Group to provide financing structures that are otherwise unavailable to semiconductor makers, said Doug Elder, CEO, Boston Semi Equipment, offering the example of combined financing solutions with equipment from BSE Group's inventory.
BSE Group recently expanded its chip fab equipment leasing programs to Japan, and acquired the assets of Asia Tech Corporation, forming BSE Tech.
Boston Semi Equipment LLC serves semiconductor front end manufacturing and back end assembly and test through leasing, rental, and resale of equipment. BSE Group also partners with equipment suppliers to enable financing and sales. For more information visit http://www.bsegroup.com.
Wafra is part of a global investment firm founded in 1985. Wafra's U.S. affiliate, Wafra Capital Partners Inc., is a U.S. registered investment advisor.
Somerset was established in 1984 and offers a broad range of equipment leasing and asset management solutions.
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