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HCAP - JMP Group divests interest in Harvest Capital Credit for $9.7 million
Harvest Capital Credit Corporation
JMP Group LLC (JMP) announces that Harvest Capital Credit Corporation (HCAP), a business development company previously externally managed by the JMP Group subsidiary, has been acquired by Portman Ridge Finance Corporation (PTMN).The aggregate value of the cash and stock received in exchange was approximately $9.7 million.JMP Group's current market cap is about $60 million.Press Release