# Ares Capital Acquires MidCap Financial for $2.6 Billion

> Ares Capital to buy MidCap Financial for $2.6 billion, boosting its lending platform.
- Title: Ares Capital Acquires MidCap Financial for $2.6 Billion
- Summary: Ares Capital to buy MidCap Financial for $2.6 billion, boosting its lending platform. Ares Capital Corporation agreed to acquire MidCap Financial Investment…
- Keywords: ares capital, midcap financial, stock and cash transaction, enterprise value, business development company, direct lending platform, startups, business, Ares, Capital, Acquires, MidCap
- Source: Pulse 2.0 — https://pulse2.com/ares-capital-to-acquire-midcap-financial-investment-for-2-6-billion
- Author: Amit Chowdhry
- Published: 2026-10-28T20:31:23+00:00
- Read time: 1 min
- Topics: ares capital, midcap financial, stock and cash transaction, enterprise value, business development company, direct lending platform, startups, business
## 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.
## Key takeaway

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.