Merger • Financial Services

PennantPark Acquires MCG Capital

On August 18, 2015, PennantPark acquired financial services company MCG Capital

Acquisition Context

This is PennantPark’s 1st transaction in the Financial Services sector.
This is PennantPark’s 1st transaction in the United States.
This is PennantPark’s 1st transaction in Virginia.

Explore All 384 Merger Financial Services Deals - Search the Database Free

M&A Deal Summary
Date	August 18, 2015
Target	MCG Capital
Sector	Financial Services
Buyer(s)	PennantPark
Deal Type	Merger
Advisor(s)	Morgan Stanley (Financial) Wachtell, Lipton, Rosen & Katz Sutherland Asbill & Brennan LLP (Legal)

Target Company

MCG Capital

Arlington, Virginia, United States

MCG Capital Corp. is a provider of debt and equity capital to private companies.

Explore More Deals

Browse All 215,158 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 1

Buyer

PennantPark

Miami Beach, Florida, United States

Category	Company
Sector	Financial Services
Revenue	109M USD (2024)

DESCRIPTION

PennantPark is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans. PennantPark is based in Miami Beach, Florida.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Financial Services	1 of 1
Type: Merger	1 of 1
State: Virginia	1 of 1
Country: United States	1 of 1
Year: 2015	1 of 1

Explore Related M&A Activity

Financial Services M&A - Merger M&A Deals - Virginia M&A - United States M&A - 2015 M&A