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MVC Capital Inc Announces Sale of Summit Research Labs


Tuesday, 2 Apr 2013 08:50am EDT 

MVC Capital Inc announced that it has completed sale of a portfolio company, Summit Research Labs, a chemical company that manufactures and markets antiperspirant actives globally, to an affiliate of One Rock Capital Partners, LLC. MVC received gross equity proceeds of $66 million, realizing a gain of $50 million from the transaction, a $3.5 million premium to the last reported fair market value placed on Summit by the Company's Valuation Committee as of January 31, 2013. 

Company Quote

11.85
-0.05 -0.42%
15 Sep 2014