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Mergers & AcquisitionsMediumUpdated•Originally published 11 November 2026•Updated 11 November 2026•
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Investcorp Credit Management BDC to Merge into BCP Investment Corporation

Key Facts

1ICMB and BCIC have entered into a definitive merger agreement under which ICMB will merge with BCIC.

Investcorp Credit Management BDC (ICMB) and BCP Investment Corporation (BCIC) have entered into a definitive merger agreement under which ICMB will merge with BCIC. GlobeNewswire reported that the deal is subject to approval by ICMB stockholders and aims to consolidate business development companies (BDCs) under the management of Sierra Crest Investment Management LLC, an affiliate of BC Partners.

BCIC closed at $6.89 on November 10, 2026, while ICMB closed at $0.6025 on the same date. According to GlobeNewswire, the transaction values ICMB shares at approximately $1.38 per share based on previous closing levels, representing a significant premium for the target company's shareholders.

Latest Updates · 1

  1. Notable·

    Update: The merger terms set the acquisition price at 90% of ICMB's closing net asset value (NAV). The transaction is expected to be accretive to the earnings of shareholders in both ICMB and BCIC following the completion of the deal.

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