american capital, ares
Ares is the biggest BDC in the United States by assets while American Capital, in addition to operating as a BDC, has a large asset management business. Register now to read this article and more for free. Reporting by Sruthi Shankar in Bengaluru; Editing by Kirti Pandey and Ted Kerr. was among the potential suitors for American Capital. Performance watch: Thoma Bravo’s PE funds, Covid-19 heralds hard decisions on sustainable investment, Early insights into the MM&K 2020 PE and VC Compensation Survey. American Capital and Ares Capital had combined investments of more than $13 billion at fair value as of March 31. A link has been emailed to you - check your inbox. By Sruthi Shankar (Reuters) - Speciality finance company Ares Capital Corp (ARCC.O) agreed to buy smaller rival American Capital Ltd (ACAS.O) in a cash-and … If the deal falls apart, Elliott would be able to appoint one of four American Capital directors, with the other three to be mutually agreed upon by Elliott and American Capital. BDCs are closed-end investment funds that lend mainly to privately owned mid-sized businesses. The deal, which does not include American Capital’s mortgage management unit, comes about five months after the Bethesda, Maryland-based company said it would solicit offers. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. (Reuters) - Specialty finance company Ares Capital Corp ARCC.O agreed to buy smaller rival American Capital Ltd ACAS.O in a cash-and-stock deal valued at $3.4 billion, aiming to capture a bigger share of lending to mid-sized firms as big banks turn cautious. “We view the deal as very positive for both,” Sun Trust Robinson analysts wrote in client note. Only logged in subscribers of this site will be able to access the shared article. “Ares finds another avenue to grow its leading middle market lending franchise ... while Ares gains another $4 billion of (assets under management).”. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. PODCAST: Where are hurdle rates trending? (Reuters) - Specialty finance company Ares Capital Corp, agreed to buy smaller rival American Capital Ltd. in a cash-and-stock deal valued at $3.4 billion, aiming to capture a bigger share of lending to mid-sized firms as big banks turn cautious. Ares shareholders will own about 74 percent of the combined company after the close of the deal. Click here. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Ares Capital Corporation (ARCC) announced Monday (23 May) that it had entered into an agreement to acquire American Capital for $3.43 billion, or $14.95 per share. See here for a complete list of exchanges and delays. Manager outlook on 2020 in light of covid-19, Investor outlook on 2020 in light of Covid-19, FEATURED TITLE: Inside the Fund Management Firm, BEST-SELLER: The Definitive Guide to Carried Interest, Side Letter: Fink on fiduciary duty vs ESG, PSERS pares back…, DOWNLOAD: Are private equity execs willing to travel to get deals…. Ares Capital is offering $6.41 per share and 0.483 of its shares for each share of American Capital. PODCAST: How PE firms can recruit a diverse investment team, PODCAST: 10 litigation risks to look out for this year, PODCAST: Leapfrog’s CEO on separating the impact investing wheat from the chaff, PODCAST: Gazing into the future – 5 tips for long-term investors, PODCAST: Extending your platform beyond PE, Podcast: Ludovic Phalippou talks Private Equity Risk, PODCAST: Riverside on the GFC’s ‘difficult blessing’, PODCAST: Why investors should look beyond the headlines in emerging markets, Why GP led secondaries is the next big thing in Private Equity.

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