Board of Capitala Finance Corp. Selects BC Partners’ Affiliate as New Investment Adviser
04.21.21
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The Firm is representing Mount Logan Capital Inc. (“Mount Logan”) in connection with the acquisition by it and its wholly-owned subsidiary, Mount Logan Management LLC (“ML Management”), of certain assets from Capitala Investment Advisors, LLC (“CIA”) pursuant to an asset purchase agreement, and in connection with ML Management’s appointment as the investment adviser of Capitala Finance Corp., a publicly traded business development company (NASDAQ: CPTA) (“Capitala”). ML Management is an affiliate of BC Partners Advisors L.P. for U.S. regulatory purposes.
The transaction is subject to Capitala stockholder approval of the new investment advisory agreement and other customary closing conditions, and is expected to close in the summer of 2021.
The Simpson Thacher team includes Rajib Chanda and Andy Madore (Registered Funds); Jonathan Corsico, Hilary Albrecht and Matthew Richardson (M&A); Jonathan Goldstein and Scott Grundei (Tax); and Christopher Brown and Noah DeBlasi (Banking and Credit).