Investcorp BDC soars on buyout deal with BCP Investment

** Private credit fund Investcorp Credit Management BDC's ICMB.O shares soar 72.9% to $1.07 in afternoon trading

** BC Partners' BCP Investment Corporation BCIC.O will acquire ICMB at 90% of its adjusted net asset value

** BCIC stock down 15%

** "This transaction marks another step in executing our vision of driving consolidation across the BDC sector" — BCIC CEO Ted Goldthorpe

** Deal comes weeks after Ares Capital ARCC.O — the largest publicly traded BDC — sealed a $2.6 billion deal for Apollo's MFIC

** Houlihan Lokey advised Investcorp BDC's special committee on the deal

** As of last close, ICMB stock down 77.1% YTD