| Ticker: | BBDC | 20600 Chagrin Boulevard, Suite 1150 | |
| Exchange: | NASDAQ-Small Cap Market | Cleveland, Ohio 44122 | |
| Industry: | Financial |
| Type of Shares: | Common Shares | Filing Date: | 8/23/96 | |
| U.S. Shares: | 3,650,000 | Offer Date: | 11/26/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 3,650,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $36,500,000 | Selling: | $0.40 | |
| Expenses: | $633,150 | Reallowance: | $0.10 | |
| Shares Out After: | 3,650,000 | |||
| Type of fund: | Equity | |||
| Manager | Tier | Phone |
| Everen Securities, Inc. | Lead Manager | (312) 574-6000 |
| First of Michigan Corporation | Co-manager | (313) 259-2600 |
| McDonald & Company Securities, Inc. | Co-manager | (216) 443-2300 |
| Morgan Keegan & Company, Incorporated | Co-manager | (901) 524-4100 |
| NatCity Investments, Inc. | Co-manager | |
| Needham & Company | Co-manager | (212) 371-8300 |
| Stifel, Nicolaus & Company, Incorporated | Co-manager | (314) 342-2000 |
| Business Description |
| The company has been formed to invest primarily in the equity and equity-linked debt securities of private companies. With respect to its investments in private companies, the company anticipates that a principal focus will be on industries that it considers likely to undergo consolidation in situations offering the potential for investor returns. The company intends to be a partner in the growth of its private portfolio companies, rather than merely a financial participant. The company will offer managerial assistance to its private portfolio companies and expects that its representatives will play a role in setting their corporate strategies and will advise such companies regarding important decisions affecting their businesses, including potential acquisitions, recruiting key managers, and securing equity and debt financing. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to make investments in accordance with the company's investment policies and objectives. |
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