Ares Capital seals $2.6 billion deal for Apollo's MFIC as consolidation continues
Tuesday, October 27, 2026 · first reported by Reuters and 5 others
Ares Capital agreed to acquire MidCap Financial Investment Corporation, the Apollo-managed BDC, in a stock-and-cash deal valued at about $2.6 billion enterprise value. MFIC holders receive $10.88 per share, about $1.21 in cash and $9.67 in Ares Capital stock.
- Firm
- Ares Capital
- Also named
- MidCap Financial Investment Corporation, Apollo
- Deal value
- $2.6B
- Asset class
- Credit
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
6 sources- ReutersAres Capital seals $2.6 billion deal for Apollo's MFIC as consolidation continues
- Private Debt InvestorAres’ public BDC agrees to buy Apollo-backed rival
- Alternative Credit InvestorAres Capital to acquire MidCap Financial from Apollo for $2.6bn
- Yahoo FinanceAres Capital Corporation Agrees to Acquire MidCap Financial Investment Corporation
- HedgeCoAres Capital Agreed to Acquire Apollo-Managed MidCap Financial Investment in a $2.6 Billion BDC Merger
- Law3606 Firms Advise On Ares' $2.6B MidCap Financial Buy
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