Ares Capital Will Acquire Apollo's MidCap for $2.6 Billion

Ares Capital will acquire MidCap Financial Investment for approximately $2.6 billion.

MidCap shareholders will receive $10.88 per share. Of this, $1.21 will be in cash, with the remainder paid out in Ares Capital shares.

Ares Capital directly finances mid-sized American companies and is one of the largest players in this space. MidCap also primarily works on loans issued to such businesses.

Following the deal's completion, Ares' credit portfolio will grow even further. The companies estimate that the acquisition will also have a positive effect on Ares' earnings. The deal is expected to close in the first half of 2027.

Source: Reuters