MCG Capital Responds to Unsolicited Letter from HC2

MCG Capital received an unsolicited letter outlining a proposed transaction from HC2 Holdings. In late April, MCG agreed to merge with PennantPark Floating Rate Capital.

MCG Capital Exploring Sale

Commercial finance company MCG Capital said it will explore strategic alternatives to maximize value, including a possible sale of the company.

MCG Capital Invests $12.6MM in Community Investors

MCG Capital closed a $12.6 million investment in Community Investors. The investment consists of a senior secured unitranche credit facility, a revolving line of credit and an equity co-investment.

MCG Capital Provides $10.1MM to Community Intervention Services

MCG Capital closed two follow-on investments aggregating $10.1 million in Community Intervention Services to support its acquisition of Access Family Services and Family Behavioral Resources. MCG’s investments were subordinated term loans.

MCG Capital Finances, Matrix Advises Hammond’s Acquisition

MCG Capital closed a $14.9 million investment in Hammond’s Candies in conjunction with the acquisition of The Virginia Food Group, (d/b/a) Old Dominion Peanut Company by Hammond’s. Matrix Capital Markets served as exclusive financial advisor.