Reported Earlier, Mount Logan Acquires Minority Stake In Runway Growth Capital For $5M In Shares
Portfolio Pulse from Benzinga Newsdesk
Mount Logan has acquired a minority stake in Runway Growth Capital for $5 million in shares, while BC Partners Credit has agreed to acquire a majority stake. This acquisition aims to expand Runway's origination channels and capital availability, benefiting both Mount Logan and existing Runway investors.
November 01, 2024 | 8:33 am
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BC Partners Credit's acquisition of a majority stake in Runway Growth Capital, along with Mount Logan's minority stake purchase, is likely to enhance Runway's capital availability and investment solutions, potentially benefiting RWAY's growth.
The acquisition by BC Partners Credit and Mount Logan is expected to enhance Runway's capabilities, which could positively impact RWAY's growth prospects. The increased capital and expanded investment solutions align with RWAY's business model.
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