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Announced

Completed

FS/KKR Advisor-backed Corporate Capital Trust completed the merger with FS Investment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Debt Funds

assets management

United States

Merger

Friendly

Acquisition

Domestic

Majority

Completed

Single Bidder

Public

Synopsis

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FS/KKR Advisor-backed Corporate Capital Trust, a business development company that provides investors an opportunity to access middle market direct lending investments, completed the merger with FS Investment, a specialty finance company that invests in the debt securities of private companies. Financial terms were not disclosed. "We are excited to have entered into this mutually beneficial merger, and are confident in our ability to maximize long-term value for FSIC and CCT shareholders. We expect the combined company to have a more diversified portfolio with a more flexible capital structure that will position it well to deliver strong investment performance," Todd Builione, FSIC and CCT President.

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