Announced
Completed
Financials
Tags
Direct Lending
Diversified Financials
Majority
Public
Single Bidder
Acquisition
Merger
Private Equity
Friendly
United States
investment
financial services
Domestic
Completed
Synopsis
BlackRock TCP Capital, a direct lending services provider, completed the merger with BlackRock Capital Investment, a business development company. Financial terms were not disclosed. “We are excited to close this transaction that brings together two portfolios that we know well and that have substantial overlap. The combination with BCIC positions TCPC for sustained growth that we believe will create meaningful value for shareholders," Rajneesh Vig, BlackRock TCP Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.