Prospect Capital Corporation Agrees to Sell Valley Electric Company
Prospect Capital Corporation (NASDAQ:PSEC) has agreed to sell its portfolio company, Valley Electric Company, to MYR Group for approximately $328 million. The transaction is expected to yield net proceeds of around $280 million and represents a significant return on investment with an annualized gain of 20.4% over the past 14 years.
Topics: Business Development Companies (BDCs) Mergers & Acquisitions Private Equity