Kirkland Advises Crescent Capital BDC, Inc. on Acquisition of First Eagle Alternative Capital BDC, Inc.

Kirkland & Ellis advised Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) in its acquisition of First Eagle Alternative Capital BDC, Inc. (“First Eagle BDC”) (NASDAQ: FCRD). The combined company will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group, and is expected to have approximately $1.6 billion of investments on a pro forma basis. The boards of directors of both companies, the independent directors of First Eagle BDC and the independent directors of Crescent BDC have approved the transaction, which is expected to close as early as the fourth quarter of 2022.

Read Crescent Capital BDC’s press release

The Kirkland team was led by corporate partners Monica Shilling and Rami Totari and associates Kristina Mooradian, Jack Chadderdon, Tommy Kagerer and Gabe Lozano; capital markets partner Thomas Felix and associates Kaangrok Yoo, Anthony Zangrillo and Mateo Garnica; debt finance partners Katie Taylor and Christopher Raidy and associate Carrie Han; investment funds partners Nicole M. Runyan, Erin Lett and David Marcinkus; benefits partner Christine Matott; tax partners Meredith Levy, Mike Beinus and Justin Barbosa; and antitrust partner Michael Thorpe.