Bain Capital related stories
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Private debt fundraising unlikely to reach last year's totalClosed-ended private debt fundraising reached a respectable $67bn by the end of Q3, but last year’s $106bn total will be hard to reach.
- Fundraising unlikely to reach last year’s peak - exclusive
Closed-ended private debt fundraising reached a respectable $67bn by the end of Q3, but last year’s $106bn total will be hard to reach.
Winter jacket maker Canada Goose prepares for IPO: ReutersCanada Goose Inc, a maker of luxury winter down jackets, is interviewing banks to help prepare for an initial public offering (IPO) that could value the company at as much as US$2 billion, sources told Reuters. An IPO of Toronto-based Canada Goose would demonstrate the explosive growth the company has experienced, following its transition from selling jackets primarily to adventurers on expeditions to shoppers in more than 50 countries. Canada Goose sold a majority stake in 2013 to U.S. private equity firm Bain Capital for an undisclosed amount, to help meet its growth ambitions.
- Bain to exit Blackhawk
Bain Capital Private Equity has agreed to sell Blackhawk Specialty Tools LLC, a provider of well construction and well intervention services and products to Frank's International N.V. The value of the transaction is about $321 million. The deal is expected to close in the fourth quarter of this year. Morgan Stanley provided financial advice to Frank’s on the transaction while Simmons & Company International advised Blackhawk.
- Level 20 appoints PE veteran as chief executive
Former BVCA council member Jeryl Andrew has joined the group which aims to promote the role of women in the private equity industry.
- TI Fluid Systems looks to raise 600 mln euros in London debut: Reuters
Auto parts maker TI Fluid Systems said it expected to raise about 600 million euros ($673 million) in an initial public offering in London, signalling a return of IPOs that were put on the back burner because of Britain's vote to leave the European Union.
- GTCR promotes three into newly-created positions
Chicago-based growth equity firm GTCR promoted two to managing director and one to principal.
- Denmark's Nets to launch early IPO on Friday due to share demand: Reuters
Denmark's Nets will list in Copenhagen on Friday, four days earlier than planned, after attracting solid interest in its shares, the card payment services company said on Wednesday.
- Rohatyn opens Seoul office
Korea offers geographical diversification for private equity investors with US and European-weighted portfolios, plus its sound regulatory environment, strong deal flow, and active local LP base are attractive draws, Rohatyn partner Chris Seaver says.
- Bain in $1.5 billion South African Edcon debt for equity deal: Reuters
Private equity firm Bain Capital has agreed a debt for equity swap deal valued at $1.5 billion for Edcon, the chief executive of the South African clothes retailer said on Tuesday.