BDC Capital invests $2.9 mln in Renaissance Repair and Supply
BDC Capital has provided $2.9 million of mezzanine financing to Renaissance Repair and Supply, an Ottawa-based telecommunications network equipment repair and re-manufacturing specialist. The financing, BDC's fifth involving Renaissance since 2009, was undertaken by the Growth and Transition Capital group. Director Robert Shaw led the transaction. Established in 2004 and led by President and CEO Len Anderson, Renaissance serves Canadian and U.S. carrier and integrator customers. It has a second office in Dallas. The company will use the deal's proceeds for growth, long-term working capital needs, and to refinance a number of smaller loans.
6 August 2019•3 mins read
