Crescent BDC to buy Alcentra Capital

Crescent Capital BDC Inc, a business development company, has agreed to acquire Alcentra Capital, which provides customized debt and equity financing solutions to middle-market companies. The total price of the deal is about $141.9 million. The transaction is expected to close in the fourth quarter of this year. BofA Merrill Lynch served as financial adviser to Crescent BDC. while Houlihan Lokey did likewise for Alcentra Capital.

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