MVC Capital Announces Sale of Vitality Foodservice, Inc. to Nestle Professional

PURCHASE, N.Y., Nov 19, 2009 (BUSINESS WIRE) --
MVC | Quote | Chart | News | PowerRating -- MVC Capital, Inc. (NYSE: MVC | Quote | Chart | News | PowerRating) (the "Fund"), a publicly traded business
development company that makes private debt and equity investments,
today announced that the North American division of Vitality
Foodservice, Inc., ("Vitality"), an MVC portfolio company, has signed a
definitive agreement to be acquired for cash by Nestle Professional,
("Nestle"), a globally managed business dedicated to the out of home
food and beverage market. The acquisition is expected to close shortly
after receiving various regulatory approvals and the satisfaction of
other customary closing conditions and contingencies. The acquisition
price has not been publicly disclosed. Vitality's European operations, a
small portion of Vitality, will not be sold as part of this transaction.

The anticipated gross proceeds to the Fund resulting from this
transaction (excluding the value of the escrow and European operations)
are expected to approximate the Fund's current carrying value for its
entire investment in Vitality. The value of the escrow and Vitality's
European operations will be determined at the time of closing.

"I also note that, at the time the definitive offer was received, the
value was in excess of our then reflected carrying value for Vitality,"
said Michael Tokarz, Chairman & Portfolio Manager of MVC Capital. "The
Valuation Committee has since increased the carrying value to reflect
anticipated proceeds from the transaction."

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 Vitality Foodservice, Inc.

Vitality Foodservice, Inc., headquartered in Tampa, Florida, is a
leading provider of beverage solutions to the foodservice industry
worldwide. What sets Vitality apart is its ability to provide
foodservice operators with complete beverage programs including innovative
dispensing equipment, a wide assortment of beverages, beverage sales
experts, and a dedicated service network. Foodservice operators have
counted on Vitality to help them serve top quality beverages including
juices, teas, coffees, cocktail and smoothie mixes, innovative specialty
drinks and much more. Vitality's broad and diverse base of foodservice
customers covers many segments including restaurants, lodging, cruise
lines, healthcare, military, education, business and industry, and
gaming. With thousands of Vitality dispensers in use worldwide, millions
of consumers enjoy Vitality beverages everyday.

Forward-Looking Statements

The information contained in this press release contains
forward-looking statements. These forward-looking statements are subject
to the inherent uncertainties in predicting future results and
conditions. Certain factors could cause actual results and conditions to
differ materially from those projected in these forward-looking
statements, and these factors are enumerated in the company's periodic
filings with the Securities and Exchange Commission.

SOURCE: MVC Capital, Inc.

MVC Capital, Inc. 
Nathaniel Garnick, 212-687-8080

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