Prospect Snags Patriot Capital

Davis, Avram
August 2009
Mergers & Acquisitions Report;8/10/2009, Vol. 22 Issue 32, p16
The article reports on the plan of Prospect Capital Corporation to purchase Patriot Capital for an estimated 197 million U.S. dollars in a cash and stock deal. Reportedly, this deal will allow Patriot Capital to pay its increasing debt and would offer Prospect Capital with a platform for additional investments. According to Prospect President M. Grier Eliasek, the company wants to make more acquisitions of portfolio opportunities like the Patriot.


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