Merger Links

BlackRock TCP Capital to merge with BlackRock Capital Investment.

Announced

Transaction Tags

  • Direct Lending
  • Diversified Financials
  • Majority
  • Public
  • Pending
  • Single Bidder
  • Acquisition
  • Merger
  • Private Equity
  • Friendly
  • United States
  • investment
  • financial services
  • Domestic

Synopsis

BlackRock TCP Capital, a direct lending services provider, agreed to merge with BlackRock Capital Investment, a business development company. Financial terms were not disclosed. “This transaction continues our commitment to build a best-in-class platform that offers clients products and solutions to capitalize on the expanding opportunities in private debt. Over the past 20 years, BlackRock has built leading private debt capabilities to help our clients achieve their investment objectives by aligning our proven investment excellence with long-term market opportunities. This merger is a strategic next step in the growth and evolution of our business development company platform, which is an important part of our Global Private Debt business,” James Keenan, BlackRock Capital Investment Interim CEO.

Sources

Press Release

BlackRock TCP Capital

Transaction Value

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Consideration Type

Ordinary Shares

Capital Owned

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Capital bid for

100%

EV/Sales

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EV/EBITDA

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Share Price Premium

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Service Providers (5)Dealmakers
Houlihan Lokey

financial advisors

Houlihan Lokey

Dechert

legal advisors

Dechert

Skadden Arps Slate Meagher & Flom

legal advisors to financial advisors

Skadden Arps Slate Meagher & Flom

Keefe Bruyette & Woods

financial advisors

Keefe Bruyette & Woods

Vedder Price

legal advisors

Vedder Price

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