BB&T Capital Markets serves as a Co-Manager on Fidus Investment Corporation’s Follow-On Equity Offering
BB&T Capital Markets’ Financial Services Group completed a transaction for Fidus Investment Corporation, a Business Development Company (BDC), in the second quarter of 2017, helping to raise $29,400,000 in gross proceeds for our client. Fidus Investment Corporation intends to use the net proceeds to make investments in lower middle market companies in accordance with our investment objective and strategies and for working capital and general corporate purposes.
About the Companies
Fidus Investment Corporation is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company, under the Investment Company Act of 1940. The Company invests in debt and equity capital primarily in lower middle market companies based in the United States. Fidus’ target investments are between $5-$25mm. Fidus invests in companies with strong free cash flows and EBITDA of $3-$20mm. Fidus Investment Corporation is headquartered in Evanston, IL, and has offices in New York, NY, and Charlotte, NC.
BB&T Capital Markets Financial Services Group has extensive experience providing community banks and thrifts, business development companies, and other specialty finance companies with a full range of public and private capital raising solutions, M&A advisory, fairness opinions and other strategic advisory services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.