Dechert Advises Barings BDC in Merger with MVC Capital
August 10, 2020
In a deal announced August 10, Dechert is advising Barings BDC, Inc. in its merger with MVC Capital, Inc. The combined company, which will remain externally managed by Barings LLC, is expected to have more than $1.2 billion of investments on a pro forma basis. The boards of directors of both companies, the MVC Capital Strategic Review Committee, the independent directors of MVC Capital and the independent directors of Barings BDC have unanimously approved the transaction, which is expected to close in the fourth quarter of 2020.
Barings BDC, Inc. is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.
The Dechert team advising on the transaction includes partners Greg Schernecke, Harry Pangas, Carl de Brito and Richard Horowitz, and associates Ross MacConnell, Clay Douglas, Cynthia Bien and Raymond Wilson. Partners Joshua Milgrim and Ari Zak, and associates Elizabeth Guidi and Reuven Rosen are providing tax advice. Partner Craig Falls, counsel Beverly Ang and associate Michael Okkonen are advising on antitrust.
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Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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