American Capital agrees to a pair of deals to sell itself for a total of $4 billion

May 23, 2016 6:22 PM

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American Capital, a private equity firm and longtime player on the Washington financial scene, said Monday that it plans to sell itself for $4 billion over the next year, the latest in a string of local mid-market investment firms that have been acquired.

Ares Capital agreed to buy the majority of publicly traded American Capital in stock and cash worth about $3.43 billion, the companies announced Monday.

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