MVC Capital (MVC) announced the closing of the sale of SHL Group, a MVC portfolio company, to The Corporate Executive Board (EXBD). With the closing of the transaction, the Fund received gross proceeds of approximately $15.3M, posting an approximate 2.5x return on invested cash. The $15.3M includes all transaction expenses and approximately $225,000 held in escrow. The Fund anticipates utilizing a portion of its capital losses to offset this capital gain.
Chesapeake Energy Corp has hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling …