Bain Capital related stories
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Bain sells Blue Coat a year after acquiring itThe firm, which purchased the web security company from Thoma Bravo in 2015, is selling it to Symantec and also plans to reinvest in the convertible debt of the combined company.
- Bain Capital to sell Blue Coat for $4.65 bln
Symantec said June 12 that it agreed to buy Blue Coat Inc in a deal valued at $4.65 billion. Bain Capital, the seller, has agreed to make an investment of $750 million in the convertible notes while Silver Lake agreed to make an additional investment of $500 million in notes (that’s on top of $500 million it agreed to invest in Symantec earlier this year, the Wall Street Journal said). Blue Coat is a network security company. Symantec plans to finance the deal with cash on the balance sheet and $2.8 billion of new debt.
PE HUB First ReadFirst Read closes out your week with news Verizon gets outbid for Yahoo, Tom Perkins dies and Blackstone chief Schwarzman, a major GOP donor, skips NYC fundraiser for Trump.
- Hireology raises $12 mln in round led by Baird Capital Ventures
HR software startup Hireology raised $12 million in a funding led by Baird Capital Ventures. The Chicago-based company has now raised a total of $25.5 million, including a previous invesment of $10 million by Bain Capital.
- Law firm Jenner & Block beefs up PE practice with new hire
Law firm Jenner & Block has hired Kyle Gann to join its private equity and M&A practice. Previously, Gann worked at Kirkland & Ellis where he served as a corporate partner. Gann is based in the firm's Chicago office.
- PE-owned Blue Coat files for IPO
Bain Capital-backed Blue Coat Inc, a provider of advanced web security solutions for global enterprises and governments, has filed for an IPO. The number of shares that will be sold as well as its pricing terms have yet to be set. Morgan Stanley, J.P. Morgan, Credit Suisse and Goldman Sachs will serve as the lead underwriters.
- Australia's ALS rejects $1.93 billion takeover offer from private equity: Reuters
Australian testing services provider ALS Ltd (ALQ.AX) rejected an A$2.67 billion ($1.93 billion) takeover proposal from private equity firms Advent International and Bain Capital, saying its board felt the offer significantly undervalued the company, Reuters reported.
- SSM Partners leads Apixio funding
San Mateo, California-based Apixio Inc, a provider of data science services to analyze clinical documents for the healthcare industry, announced that it has raised $19.3 million in a Series D round of funding led by SSM Partners Also participating in the round are First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. The company http://www.apixio.com has now raised $41.8 million in total backing, including a $13.5 million round in May 2014. As part of the latest funding, Casey West, managing partner at SSM Partners, has joined the board.
- SSM Partners leads Apixio funding
San Mateo, California-based Apixio Inc, a provider of data science services to analyze clinical documents for the healthcare industry, announced that it has raised $19.3 million in a Series D round of funding led by SSM Partners Also participating in the round are First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. The company http://www.apixio.com has now raised $41.8 million in total backing, including a $13.5 million round in May 2014. As part of the latest funding, Casey West, managing partner at SSM Partners, has joined the board.
Fundraising recaps from around the worldFrom ffVC in New York to KfW in Germany, a summary of recent venture fundraising closes