Bain Capital related stories
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GIC, Advent, Bain invest $350 mln in engineering outsourcer QuEST: ReutersSingapore sovereign wealth fund GIC Pte Ltd [GIC.UL] and private equity investors Advent International and Bain Capital have jointly bought a minority stake in engineering outsourcing firm QuEST Global Services for $350 million.
Bain, Advent, GIC, buy stakes in QuEST from Warburg PincusBain Capital, GIC and Advent International have invested approximately $350 million to purchase minority stakes in QuEST, a engineering solutions provider based in Singapore. The firms purchased stakes held by an affiliate of Warburg Pincus.
- Aria Systems scores $50 mln Series E investment
Aria Systems, which helps enterprises grow recurring revenue, raised $50 million in a Series E funding round. Existing backers Bain Capital Ventures, Hummer Winblad Venture Partners, InterWest Partners, Venrock and VMware are joined by new investors Rembrandt Venture Partners, Madison Bay Capital Partners and Hercules Technology Growth Capital.
PE HUB First ReadIn this morning's First Read, Amazon's clothing line is definitely happening, Bain Capital and Advent International are weighing an IPO of Nordic payments processor Nets, and the U.S. hacked into Iran’s critical civilian infrastructure for a massive cyberattack, a new documentary claims.
- Bain Capital agrees $1.28bn sale of Physio-Control
The buyer is New York-listed Stryker Corporation and marks the company's second urgent care deal this month following an agreement to buy Sage Products from Madison Dearborn Partners.
- Bain Capital to sell Physio-Control International to Stryker for $1.28 bln
Stryker Corp said Tuesday it agreed to buy Physio-Control International Inc for $1.28 billion in cash. Bain Capital Private Equity is the seller. Physio-Control develops, makes and markets monitors/defibrillators, automated external defibrillators (AEDs) and CPR-assist devices along with data management and support services. Skadden, Arps, Slate, Meagher & Flom LLP were the attorneys for Stryker. Citi and Jefferies LLC acted as financial advisors, and Kirkland & Ellis LLP served as legal counsel, to Bain Capital.
- PE-backed Davis Petroleum Acquisition and Yuma Energy to merge
Private equity-backed Davis Petroleum Acquisition Corp, an oil and gas company, and publicly traded Yuma Energy Inc agreed to merge in an all-stock transaction. Upon completion of the merger, Davis will become a wholly owned subsidiary of Yuma. Houston-based Davis is backed by Evercore Capital Partners, Red Mountain Capital Partners, and Sankaty Advisors.
- Chart of the week: Blackstone bucks the trend
While most of the biggest managers of closed-ended private equity funds raised less capital in 2015 than two years earlier, one firm stood out from the crowd.
- Sapphire joins Iron.io Series A funding round
Sapphire Ventures joined Iron.io’s Series A funding round, bringing the round’s total to $11.5 million. Iron.io, a provider of cloud infrastructure services, previously raised $8 million in Series A funding from Baseline Ventures, Bain Capital Ventures, Divergent Ventures, Ignition Partners and Cloud Capital Partners. The company has raised $17.4 million to date.