Ares to Acquire MidCap Financial
Ares Capital Corporation (“Ares”) announced, on October 27, 2026, that it had reached an agreement to acquire MidCap Financial Investment Corporation (“MidCap Financial”). Under the terms of the transaction, valued at $2.6 billion and to be funded with a mix of cash and stock, MidCap Financial stockholders are expected to receive $10.88 per share of MidCap Financial common stock. The transaction is expected to close in the first half of 2027.
Ares (NASDAQ: ARCC), based in New York, is a business development company that specializes in growth capital. Ares has approximately $671 billion of assets under management.
MidCap Financial (NASDAQ: MFIC), based in Bethesda, Maryland, is a diversified management investment company. MidCap Financial has approximately $2.77 billion of assets under management.
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