Ares Capital seals $2.6 billion deal for Apollo's MFIC as consolidation continues
Tuesday, October 27, 2026 · first reported by Reuters and 8 others
Ares Capital will acquire Apollo's MidCap Financial Investment Corporation in a $2.6bn cash-and-stock deal valued at $10.88 per share, a premium of more than 30%. The combined direct lending portfolio would span more than 800 companies, with closing expected in the first half of 2027.
- Firm
- Ares Capital
- Also named
- MidCap Financial Investment Corporation, Apollo
- Deal value
- $2.6B
- Asset class
- Credit
- Geography
- North America
Advisers Wells Fargo (financial adviser), Moelis (financial adviser)
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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Coverage
9 sources- ReutersAres Capital seals $2.6 billion deal for Apollo's MFIC as consolidation continues
- Private Equity WireAres Capital to acquire Apollo's MidCap Financial in $2.6bn deal
- 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
- TradingViewARCC Misses on Q3 Earnings as Income Falls, Announces MidCap Buyout
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