Mergers & AcquisitionsMedium•5 November 2026•
1 min read
MidCap Financial Reports Q3 Results and Agrees to Ares Capital Acquisition
Key Facts
1MidCap Financial reported net investment income of $0.34 per share for the third quarter ended September 2026.
2Net asset value (NAV) per share decreased by 3.8% to $12.86 compared to the previous quarter.
3Ares Capital Corporation has agreed to acquire MFIC in a stock-and-cash transaction valued at approximately $10.88 per share.
MidCap Financial reported net investment income of $0.34 per share for the third quarter ended September 2026, according to GlobeNewswire. The company's net asset value (NAV) per share decreased by 3.8% to $12.86 compared to the previous quarter, while Ares Capital Corporation has agreed to acquire the firm in a stock-and-cash transaction valued at approximately $10.88 per share.
MFIC closed at $10.33 on November 4, 2026, while ARCC closed at $19.46 on the same date. The decline in NAV was driven by credit-related weakness in specific portfolio positions, while the pending acquisition reflects broader consolidation within the business development company (BDC) sector.