Latham Advises Ares Capital Corporation in US$2.6 Billion Acquisition of MidCap Financial Investment Corporation

Ares Capital Corporation (Nasdaq: ARCC) and MidCap Financial Investment Corporation (Nasdaq: MFIC) (MFIC) announced that they have entered into a definitive merger agreement under which Ares Capital will acquire MFIC in a stock-and-cash transaction implying a total enterprise value of approximately US$2.6 billion.

Latham & Watkins LLP represents Ares Capital in the transaction with a corporate deal team led by partners Alex Kelly, Owen Alexander, and Mark Stagliano, with associates Mike Dooley, Jennifer Chu, and Steph Ference, with assistance from Jayla Goodloe. Advice was provided on tax matters by partner Pardis Zomorodi and counsel Eric Song; on finance matters by partner Douglas Burnaford and counsel Roland Young; on executive compensation and benefits matters by partner Erica Aho, with associate Ellie Graham; on intellectual property matters by partner Jeffrey Tochner, with associates Laura Geraci and Jaclyn Malmed; on data privacy and cybersecurity matters by counsel Jennifer Howes, with associate Eric Gonzalez; on investment funds regulatory matters by partners Jamie Lynn Walter and Aaron Gilbride, with associate Katherine Ryan; on FCPA, trade controls, and sanctions matters by partner Matthew Salerno and counsel Ruchi Gill, with associate C.J. Rydberg; on government contracts matters by partner Kyle Jefcoat, with associate Vikhyath Veeramachaneni; on antitrust matters by partner Katherine Rocco and counsel Jamie Sadler, with associates Alec Doughtery and Sadie Goering; on ex-US antitrust and FDI matters by partners Adrien Giraud and Philipp Studt, with associates Christian Schwarzmann and Najwa El Kandoussi; and on real estate matters by partner Dara Denberg and counsel Lisa Brabant, with associate Jack Jia.