Deal Details
Follow-On Offering
Summary
Baird served as joint book-running manager on this offering.
About
Fidus Investment Corporation (“Fidus”) (NASDAQ: FDUS) recently completed a follow-on offering of 2,000,000 shares of common stock at a price of $17.00 per share, generating gross proceeds of approximately $34.0 million. Fidus intends to use the net proceeds from the offering to make investments in lower middle market companies in accordance with its investment objective and strategies and for general corporate purposes.Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market United States companies with revenues between $10 million and $150 million. Fidus’ investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity-related investments. Fidus seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Fidus is headquartered in Evanston, Illinois.
For additional information about this transaction, please contact:
- Date
- October 2014
- Company
- Fidus Investment Corporation
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
Share
