Willkie Farr & Gallagher LLP
10/27/2026 | News release | Distributed by Public on 10/27/2026 14:00
Willkie Advises Special Committee of MidCap Financial Investment Corporation on $2.6 Billion Sale to Ares Capital Corporation
Willkie Advises Special Committee of MidCap Financial Investment Corporation on $2.6 Billion Sale to Ares Capital Corporation
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October 27, 2026
Willkie is representing the Special Committee of MidCap Financial Investment Corporation (NASDAQ: MFIC) in connection with Ares Capital Corporation's (NASDAQ: ARCC) acquisition of MFIC for approximately $2.6 billion.
On October 27, Ares Capital and MFIC announced that they entered into a definitive merger agreement under which Ares Capital will acquire MFIC in a stock-and-cash transaction for a total enterprise value of approximately $2.6 billion. The transaction is expected to further strengthen Ares Capital's position as the largest publicly traded business development company and Ares Management Corporation's (NYSE: ARES) broader position as a leading direct lending platform to U.S. middle-market companies.
The transaction is expected to close in the first half of 2027, subject to approval of MFIC's stockholders, applicable regulatory approvals and the satisfaction of other customary closing conditions.
Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle-market companies in the United States.
MidCap Financial Investment Corporation is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. MFIC is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries, a high-growth global alternative asset manager.
The Willkie team is led by corporate partners Mark Cognetti and Laura Delanoy and litigation partner Tariq Mundiya and includes partner Brittany Klinger.
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Willkie Farr & Gallagher LLP published this content on October 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 27, 2026 at 20:00 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]