Caltius Structured Capital Exits Investment in Building System Design
June 5, 2019
Los Angeles, CA, June 2019 – Caltius Structured Capital (CSC) is pleased to announce the successful realization of our investment in Building System Design, Inc. (BSD) through the sale of the company to strategic acquirer RIB Software, SE.
CSC provided subordinated debt and minority equity to facilitate the management-led buyout of BSD in September 2017. CSC’s partnership with management during the investment period resulted in impressive corporate growth and value creation for BSD’s equity holders.
About Building System Design
Founded in 1983, BSD develops master specification content available to the architecture, engineering, and construction markets of North America. BSD delivers its content via innovative software tools that help clients simplify projects and increase efficiency.
About RIB Software, SE
Germany-based RIB is a multi-national provider of construction design software and cutting-edge digital solutions for the construction industry.