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MVC Capital Announces Sale Of Dakota Growers To Viterra For $18.28 Per Common Share

“Our partnership with Dakota Growers reflects a period in which the company significantly grew revenue and EBITDA, and we believe the business is well-positioned to continue its successful growth strategy,” said Michael Tokarz, Chairman and Portfolio Manager of MVC. “The value created by this merger reflects our continued focus on maximizing our portfolio to enhance value for our shareholders. We are grateful to Dakota Growers’ dedicated team for their strong commitment to the business and look forward to seeking to continue our success of adding substantial value across our entire portfolio of companies.”

“Dakota Growers’ Board of Directors’ entrepreneurial approach and management team’s performance and execution have shaped the company into a world class business. We have enjoyed working with this team for the last six years during which the company has doubled sales and quadrupled EBITDA,” said Shivani Khurana, Managing Director of The Tokarz Group Advisers, LLC, investment adviser to MVC.

Tim Dodd, CEO of Dakota Growers, said, "Viterra’s acquisition of Dakota Growers creates potential for market expansion and greater recognition in the industry. We are grateful for MVC's financial and strategic guidance which positioned our company to take advantage of this exciting opportunity."

Morgan Stanley Inc. acted as exclusive financial advisor to Dakota Growers, and rendered a fairness opinion in the transaction, and Kirkland & Ellis, LLP acted as legal counsel.

MVC-G

About MVC Capital, Inc.

MVC is a business development company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For additional information about MVC, please visit the MVC's website at www.mvccapital.com. All media inquiries should be directed to Nathaniel Garnick at 212-687-8080.

About Dakota Growers

Dakota Growers Pasta Company, Inc., headquartered in Carrington, North Dakota, is the third largest manufacturer and marketer of dry pasta products in North America and the manufacturer and distributor of Dreamfields® Healthy Carb Living Pasta. Dreamfields pasta is an excellent source of fiber, has five grams of digestible carbohydrates and a 65% lower glycemic index than regular pasta.

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