From Pulse 2.0 · Amit Chowdhry · · 50s
Ares Capital Acquires MidCap Financial for $2.6 Billion
Ares Capital to buy MidCap Financial for $2.6 billion, boosting its lending platform.
In brief
Ares Capital to buy MidCap Financial for $2.6 billion, boosting its lending platform. Ares Capital Corporation agreed to acquire MidCap Financial Investment Corporation for $2.6 billion in a stock-and-cash transaction, strengthening its position as the largest publicly traded business development company. Originally…
Acquisition Deal
Ares Capital Corporation agreed to acquire MidCap Financial Investment Corporation in a stock-and-cash transaction valued at approximately $2.6 billion in enterprise value.
Premium to MFIC Shares
MidCap Financial stockholders receive $10.88 per share, a 30.1% premium to MFIC’s closing price on October 26, 2026.
Portfolio Expansion
The deal will add over 800 portfolio companies and $31 billion in investments at fair value to Ares Capital’s platform.
Closing Timeline
Closing expected in first half of 2027 after MFIC stockholder approval and regulatory approvals.
The main idea
Ares Capital Corporation agreed to acquire MidCap Financial Investment Corporation for $2.6 billion in a stock-and-cash transaction, strengthening its position as the largest publicly traded business development company.
