Ares Capital to Acquire MidCap Financial Investment in $2.6 Billion Deal

TradingKeyOct 27, 2026 10:12 AM

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Ares Capital Corporation has agreed to acquire MidCap Financial Investment Corporation (MFIC) in a $2.6 billion stock-and-cash merger. MFIC stockholders will receive $10.88 per fully diluted share, consisting of approximately $1.21 in cash and $9.67 in Ares Capital common stock. The cash portion will be funded by an Ares Management subsidiary. Expected to close in the first half of 2027, the transaction remains subject to stockholder approval, regulatory clearances, and customary closing conditions.

AI-generated summary

Ares Capital Corporation and MidCap Financial Investment Corporation have entered into a definitive merger agreement under which Ares Capital will acquire MFIC in a stock-and-cash transaction. The deal has a total enterprise value of approximately $2.6 billion.

Under the agreement, MFIC stockholders are expected to receive total consideration of $10.88 per fully diluted share of MFIC common stock. The consideration comprises approximately $1.21 per share in cash and approximately $9.67 per share in Ares Capital common stock. A subsidiary of Ares Management will provide the cash portion.

The transaction is expected to close in the first half of 2027. Completion remains subject to approval by MFIC stockholders, applicable regulatory approvals and other customary closing conditions.

This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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