May 25, 2013 11:24 AM ET

Diversified Financial Services

Company Overview of Business Development Bank of Canada

Company Overview

Business Development Bank of Canada provides financing, venture capital, and consulting services in Canada. Its financing solutions include commercial real estate financing for the purchase of land and buildings, construction of new premises, and expansion or improvement of existing or rented premises; equipment financing for the purchase of new and used equipment; financing for the acquisition of an existing business and management buy out, as well as to support technology projects; working capital financing for growth projects; start-up financing; business succession financing; aboriginal banking; and financing for foreign or domestic market expansion activities, and projects without tangi...

Detailed Description

5 Place Ville Marie

Suite 400

Montréal, QC H3B 5E7

Canada

Founded in 1944

1,990 Employees

Phone:

877-232-2269

Fax:

877-329-9232

www.bdc.ca

Key Executives for Business Development Bank of Canada

Chief Executive Officer
Age: 63
Chief Financial Officer and Executive Vice-President
Vice-President of Operations & Performance Management
Chief Information Officer and Senior Vice President
Managing Director of Venture Capital Group
Compensation as of Fiscal Year 2012.

Business Development Bank of Canada Key Developments

Vancouver Group Eyes Tobiano Golf

Business Development Bank of Canada has received an offer for Tobiano Golf from a Vancouver group. On April 16, 2013, Quentin Granger, who manages Tobiano on behalf of receiver BMO stated that Vancouver group headed by a wealthy buyer has expressed interest in acquiring Tobiano Golf. It was up for sale for $5.5 million.

Business Development Bank of Canada Opens New Office in Val-d'Or to Better Serve Entrepreneurs in the Abitibi-Temiscamingue Region

The Business Development Bank of Canada announced the opening of its office in Val-d'Or to provide easier access to BDC's services for the region's entrepreneurs who wish to start or grow their business. This office, located at 1740 Chemin Sullivan, joins the Rouyn-Noranda BDC business centre and will serve the Abitibi-Temiscamingue region, and more specifically the Vallee-de-l'Or and Abitibi regional county municipalities. In Val-d'Or, BDC will share offices with the SADC de la Vallee-de-l'Or, an organization dedicated to the region's economic development. BDC and the Reseau des SADC et CAE have been working together to finance small business projects in the region for the past 10 years.

Business Development Bank of Canada Appoints Michael Calyniuk to the Board of Directors

Business Development Bank of Canada announced the appointment of Mr. Michael Calyniuk to the BDC's Board of Directors. Mr. Calyniuk is a retired partner of PricewaterhouseCoopers LLP where he served 24 years in audit, advisory and various senior global management roles. He is currently Chair of the British Columbia Chapter of the Institute of Corporate Directors, an organization that promotes the effectiveness of Canadian directors and boards. In addition, Mr. Calyniuk is Independent Director, Chair of the Audit Committee, and a member of the Compensation and the Nominating & Corporate Governance Committees for Munduro Capital. Prior to that, he was Chair of the British Columbia Advanced Systems Institute and Co-Chair of the BC Innovation Council.

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Private Placement
December 12, 2012
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