Prospect Capital provided $70 million of debt financing for the acquisition of Thomson Reuters Property Tax Services by Ryan, LLC.

With a history together with predecessors dating back to 1991, Ryan is a global tax services firm headquartered in Dallas with largest indirect tax practice in North America and the sixth largest corporate tax practice in the United States.

PTS deploys a full team of experienced consultants for commercial real estate, complex property, personal property compliance, and unclaimed property that provides advisory and outsourcing services to clients looking to optimize property tax credits and reduce their property tax liabilities. PTS holds a global leadership position in property tax compliance and commercial real estate services.

The combined company will have a broad geographic presence with 70 offices in the U.S., Canada, the Netherlands, the U.K., Australia, Singapore, and India.

"This acquisition, supported by the hard-working financing team at Prospect, launches a new phase of growth for our firm and the seasoned professionals of PTS who will play a key role in our future success," said G. Brint Ryan, chairman and CEO of Ryan. "As we continue to experience strong growth, all of us remain committed to providing our clients world-class service and superior results."

"We are impressed with the Ryan management team's successful track record over a more than 20-year history," said Richard Carratu, a managing director of Prospect Capital Management LLC. "Prospect's acquisition financing both supports Ryan and demonstrates Prospect's ability to provide value to strategic buyers while generating a compelling yield for our shareholders."

Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.