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Investment Companies & Venture Capital M&A image Investment Companies & Venture Capital M&A » By The Online Investor Staff, updated Tue., Jul. 14, 10:03 AM Recent mergers and acquisitions in the Investment Companies & Venture Capital M&A category.

Slide #13. Prospect Capital Corporation Nicholas Financial, Inc.

Acquirer: Prospect Capital Corporation (PSEC)
Acquiree: Nicholas Financial, Inc. (NICK)
Details: Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced today that Prospect has entered into a definitive agreement to acquire 100% of the common stock of Nicholas Financial, Inc. (NASDAQ: NICK) ("Nicholas") for $16.00 per share. Subject to certain conditions, the transaction is currently contemplated to close in April 2014, although this timing could be earlier or later depending on the time required to obtain the requisite approvals. The Board of Directors of Nicholas has voted to recommend the transaction to the security holders of Nicholas.

Prospect Capital is a financial services company that primarily lends to and invests in middle market privately-held companies. Co. is a closed-end investment company. Co.'s investment objective is to generate both income and long-term capital appreciation through debt and equity investments. Co. invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes.

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Prospect Capital is a financial services company that primarily lends to and invests in middle market privately-held companies. Co. is a closed-end investment company. Co.'s investment objective is to generate both income and long-term capital appreciation through debt and equity investments. Co. invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes.

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Company Name: 
Prospect Capital Corporation
Sector: 
Investment Companies & Venture Capital
Number of ETFs Holding PSEC: 
5
Total Market Value Held by ETFs: 
$11.36M
Total Market Capitalization: 
$1.73B
% of Market Cap. Held by ETFs: 
0.66%
Company Name: 
Nicholas Financial Inc (BC)
Website: 
www.nicholasfinancial.com
Sector: 
Credit Services & Lending
Number of ETFs Holding NICK: 
4
Total Market Value Held by ETFs: 
$2.13M
Total Market Capitalization: 
$106.00M
% of Market Cap. Held by ETFs: 
2.01%
 

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