BC Partners-backed Mount Logan Capital to acquire certain assets of Capitala Finance.

BC Partners-backed Mount Logan Capital, a Canada-based asset manager, agreed to acquire certain assets of Capitala Finance, an SEC-registered investment adviser. Financial terms were not disclosed. "Building on Mount Logan’s active fourth quarter on the strategic transaction front, MLC has progressed further in its transition into asset management with the addition of a management contract of a US middle market BDC. Management of Mount Logan has significant experience in the management of BDCs and we believe this is a compelling fund type for both investors and managers. The proposed transaction is highly strategic for MLC and we will look to use it as a growth platform," Ted Goldthorpe, Mount Logan CEO and Chairman.