Talking Deal Prices: Higher BDC leverage may not juice valuations


private equity, mergers, M&A, Ares Capital, business development companies, Congress, legislation, leverage
The rising sun lights One World Trade in Manhattan on Nov. 2, 2016. REUTERS/Lucas Jackson
Business development companies — engines of middle-market dealmaking — finally got Congress to approve higher leverage limits of 2:1, up from 1:1, capping a multiyear effort by the industry. Congress included the Small Business Credit Availability Act in an omnibus spending package ...

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