Barings BDC, a publicly traded, externally managed investment company, completed the acquisition of MVC Capital, a business development company traded on the New York Stock Exchange, for $178m. "We are pleased to merge with Barings BDC as we believe that the combination of the complementary portfolios together forming a larger-scale BDC with increased investment capacity and portfolio diversification will offer all shareholders a strong platform for long-term growth. MVC has made significant progress in transitioning to a yield-focused BDC, building its net operating income over the past few years. Our success makes this an opportune time to enjoy greater scale, cost synergies and continued shareholder alignment," Michael T. Tokarz, MVC Capital Chairman and Portfolio Manager.