Ares Capital to Acquire MidCap Financial Investment in $2.6 Billion Deal
Ares Capital (ARCC) has entered into a definitive agreement to acquire MidCap Financial Investment (MFIC) through a transaction valued at approximately $2.6 billion in total enterprise value. The deal will be structured using a combination of cash and stock. The acquisition is intended to bolster Ares Capital's market position, solidifying its status as the largest publicly traded business development company (BDC). Following the announcement, shares of MidCap Financial Investment saw a significant rally of 17%.
Topics: Business Expansion Financial Services M&A
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