Prospect to Sell NRG for $100M
January 31, 2012- Share:
Prospect Capital has entered into a definitive agreement to sell NRG Manufacturing, a fabricator of drilling rig components, for $100 million. Prospect expects to realize a 59% annualized internal rate of return on the investment. RBC Capital Markets is advising the company on the transaction. Prospect acquired NRG in September 2006.
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