Ares Capital to acquire MidCap Financial Investment in $10.88-per-share deal
Ares Capital and MidCap Financial Investment signed a two-step merger agreement. MFIC holders will get $1.21 in cash plus Ares Capital shares.
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what happened
Ares Capital has agreed to acquire MidCap Financial Investment Corporation in a two-step merger, according to TradingView, which relied on documents filed with the SEC. MFIC stockholders will receive $1.21 in cash plus Ares Capital shares. When the deal was signed, the consideration was valued at about $10.88 per fully diluted MFIC share, though the figure is subject to adjustments, including for certain tax dividends.
Ares Capital also secured voting commitments from two MFIC stockholders covering 4,281,394 shares in total. Closing remains subject to approval by MFIC stockholders and other conditions.
why it matters
For investors in business development companies, the deal points to further consolidation in private credit. MFIC's share value is now tied to the merger terms and to Ares Capital's share price, so the stock performance of both companies will depend on the buyer's quotes.
market impact
MidCap Financial shares: price now tied to deal terms and Ares Capital's stock
tags
instruments
sources
- Ares Capital to Merge With MidCap Financial in $10.88-Per-Share Deal — TradingView, 27 October 2026 at 10:13 UTC
- MidCap Financial Investment to Merge With Ares Capital in Deal Valued at $10.88 Per Share — TradingView, 27 October 2026 at 10:43 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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