M&A
confidence high
sentiment positive
materiality 0.75
Runway Growth Capital to be acquired by BC Partners Credit; adviser to continue operating independently
Runway Growth Finance Corp.
- BC Partners Credit will acquire Runway Growth Capital, external adviser to BDC Runway Growth Finance (RWAY), closing expected Q4 2024.
- Current leadership and investment teams at Runway remain in place; Runway continues as RWAY's adviser pending stockholder approval of new advisory agreement.
- Transaction aims to expand origination channels, add structured equity, asset-based lending, and equipment leasing capabilities.
- No deal value disclosed; RWAY board unanimously recommends stockholder approve new advisory agreement with same existing terms.