M&A Deal Summary

PennantPark Acquires MCG Capital

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2015-08-18
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

MCG Capital

Arlington, Virginia, United States
MCG Capital Corp. is a provider of debt and equity capital to private companies.

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Buyer(S) 1

Buyer

PennantPark

Miami Beach, Florida, United States
Category Company
Sector Financial Services
Revenue 42M USD (2023)
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 STATS #
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
Mergr

Product

Company

Legal