MVC Capital Inc. (MVC), a business development company, said Friday that it will invest up to $3.05 million in Biovation Holding Inc.
Biovation Holdings, based in Mankato, is a manufacturer and marketer of environmentally friendly, organic and sustainable laminate materials and composites.
As per terms of the deal, MVC has funded a $1.5 million note and will fund a $1.55 million preferred equity investment, upon the realization of certain manufacturing, sales, and capital expenditure milestones.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.