Barings BDC and MVC Capital entered into a definitive merger agreement. The combined company, which will remain externally managed by Barings, is expected to have more than $1.2 billion of investments on a pro forma basis.
SSG Capital Advisors and Statesman Corporate Finance acted as the investment bankers to Watson Valve Services in the sale of substantially all of its assets to MOGAS Industries. The sale was effectuated through a Chapter 11 Section 363 process.
Flushing Financial and Empire Bancorp will not exercise their respective rights to terminate their previous merger agreement and are engaged in discussions for a longer-term extension of time to complete the merger.
Rally Capital Advisors, a middle market financial and transaction advisory firm, sold substantially all of the assets of Arlington Plating Company to Garth Davies, owner of Midwest Rustproofing and Enameled Steel.
According to a report from Baker Tilly and Mergermarket, dealmakers expect that many will scale back M&A during the rest of 2020, although private capital is tapped to remain active as investors look to deploy cash reserves.
PrimeArc Capital’s group of managers, led by Bud Crawford, CEO, and David Ebinger, COO, completed a management buyout of the company in an all cash transaction. In addition, Crawford and Ebinger founded Coeur Capital. Coeur Capital was set up to purchase the assets of PrimeArc.