Press Release

Kirkland Represents Crescent Capital BDC, Inc. on Acquisition of Alcentra Capital Corporation

Kirkland & Ellis advised Crescent Capital BDC, Inc., a business development company externally managed by Crescent Cap Advisors, a subsidiary of Crescent Capital, on its acquisition of Alcentra Capital Corporation (NASDAQ:ABDC), a middle-market business development company managed by Alcentra NY, LLC, a majority-owned subsidiary of BNY Alcentra Group Holdings, Inc., for a combination of cash and stock. The transaction establishes a top-15, externally managed, publicly traded BDC with a combined portfolio in excess of $900 million at close. The transaction is subject to customary regulatory approvals and other closing conditions and is expected to close in the fourth quarter of 2019.

Read the company press release

The Kirkland team was led by transactional partners Monica Shilling and Joshua Zachariah and associates David Perechocky, Chris Kim and Spencer Brass; capital markets partner Gretchen Blauvelt-Marquez and associate Kat Tyurin; tax partners Mike Beinus and Meredith Levy; and investment funds partners Scott Moehrke and Kevin Bettsteller.