BDA Receives $75 Million in Financing from American Capital
American Capital Ltd., an equity firm and global asset manager based in Bethesda, Md., announced it has committed $75 million in financing for Bensussen, Deutsch & Associates Inc. (BDA). The money will fund with the distributor's growth plans.
Cascadia Capital advised BDA on the transaction.
"After an extensive review process, American Capital proved to be the perfect partner for BDA as we look to take advantage of our vast growth opportunities, both in North America and abroad," said Jay Deutsch, BDA co-founder and CEO. "In addition to growth capital, American Capital brings additional in-house resources and cross-industry expertise to accelerate our strategic planning and the growth we are projecting."