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An Ares (ARES) private-credit fund has agreed to acquire Apollo’s (APO) MidCap Financial Investment Corporation in a cash-and-stock transaction, WSJ reports
ORIGINAL · NewsquawkAn Ares (ARES) private-credit fund has agreed to acquire Apollo’s (APO) MidCap Financial Investment Corporation in a cash-and-stock transaction, WSJ reportsRead originalHide original
MFIC shareholders will own approximately 5% of the combined fund following completion of the deal.
StockNow breaking-news AI analysis
A reported Ares fund acquisition of Apollo’s MFIC is structured as cash and stock; MFIC shareholders would own approximately 5% of the combined fund after completion.
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MFIC shareholders will own approximately 5% of the combined fund following completion of the deal.
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