BDC, GrowthWorks win CVCA's 2014 VC deal of the year
BDC Venture Capital and GrowthWorks have received the 2014 "Deal of the Year" award in the venture capital category from Canada’s Venture Capital & Private Equity Association. They won for their return on investment in Layer 7 Technologies Inc, a Vancouver-based provider of application programming interface management and security bought by CA Technologies Inc in 2013. On their investment, BDC and GrowthWorks have realized cash proceeds of US$78 million to date. The multiple of capital on the original investment on a cash realized basis is 4.4x, or a 23.2% IRR, and is expected to be 5.2x on a total basis once all proceeds are released from escrow, for a 25.6% IRR.
22 May 2014•4 mins read
