Benton Capital Inc. entered acquired 23.9% stake in Equus Total Return, Inc. from MVC Capital, Inc., fund managed by Tokarz Group Advisers LLC for $3.8 million.
July 19, 2020
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Benton Capital Inc. entered into a definitive agreement to acquire 23.9% stake in Equus Total Return, Inc. (NYSE:EQS) from MVC Capital, Inc. (NYSE:MVC), fund managed by Tokarz Group Advisers LLC for $3.8 million on July 16, 2020. Under the terms of the transaction, Benton Capital Inc. will acquire 3.2 million shares in Equus Total Return, Inc. for $1.17 per share. The source of the consideration provided for the Common Stock was a loan procured by Benton from PG Holdings, LLC. DLA Piper LLP acted as legal advisor to Benton Capital Inc.
Benton Capital Inc. completed the acquisition of 23.9% stake in Equus Total Return, Inc. (NYSE:EQS) from MVC Capital, Inc. (NYSE:MVC), fund managed by Tokarz Group Advisers LLC on July 16, 2020. Post the transaction, MVC Capital holds no stake in Equus Total Return.
EQUUS Total Return, Inc. (the Fund) is a closed-end management investment company. Its investment objective is to maximize the total return to the Company's stockholders in the form of current investment income and long-term capital gains by investing in the debt and equity securities of small and middle market capitalization companies that are generally not publicly traded at the time of its investment. It seeks to invest in companies pursuing growth through acquisition or organically, leveraged buyouts, management buyouts and recapitalizations of existing businesses or special situations. Its income-producing investments consist of debt securities, including bonds, subordinated debt, debt convertible into common or preferred stock, or debt combined with warrants and common and preferred stock. It invests in the portfolio company, Equus Energy, LLC, which makes investments in companies in the energy sector, with particular emphasis on income-producing oil and gas properties.
Benton Capital Inc. entered acquired 23.9% stake in Equus Total Return, Inc. from MVC Capital, Inc., fund managed by Tokarz Group Advisers LLC for $3.8 million.
EQUUS TOTAL RETURN, INC. 
