$2.6BStrategic acquisitionFinancial Services
Ares Capital to acquire MidCap Financial Investment Corp. in $2.6B deal
Ares Capital agreed to acquire MidCap Financial Investment Corporation in a stock-and-cash transaction valued at a total enterprise value of about $2.6 billion. The definitive merger agreement brings together two Nasdaq-listed business development companies.
Why it matters: The deal further strengthens Ares Capital's position as the largest publicly traded business development company.
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