M&A
confidence high
sentiment neutral
materiality 0.90
SWK Holdings to be acquired by Runway Growth Finance in ~$220M deal
SWK Holdings Corp
- Total purchase price approx. $220M based on SWK's 6/30/25 NAV; includes $75.5M in RWAY shares and ~$145M cash.
- Runway Growth's investment adviser will contribute an additional $9M cash for distribution to SWK stockholders.
- SWK portfolio valued at ~$242M (22 companies); healthcare exposure for combined entity rises to ~31% from 14%.
- Transaction expected to close in late 2025 or Q1 2026, subject to SWK shareholder and regulatory approvals.
- Carlson Capital L.P. signed a Voting Agreement supporting the transaction; SWK board unanimously approved.