Business Development Corporation of America
On February 22, 2019, Business Development Corporation of America (BDCA) announced that it had acquired a controlling interest in Siena Capital Finance LLC (Siena) from Solaia Capital Advisors LLC. Transaction terms were not disclosed. The press release notes that Siena, founded in 2012, is an asset-based lender to middle market businesses across the United States completing over 100 transactions totaling over $1 billion in credit facilities. Siena will operate independently as a portfolio company of BDCA.
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