Bain Capital related stories
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Bain selling India's Hero MotoCorp shares worth up to $116 mln: ReutersU.S. private equity firm Bain Capital is selling shares in Hero MotoCorp Ltd, the world's largest seller of motorcycles and scooters, to raise as much as $116 million, IFR reported, citing a person close to the deal.
- Blackstone not interested in Australia’s Woolworths
TPG, Carlyle and KKR are reportedly among the global private equity firms interested in Big W, the discount arm of Australian retailer Woolworths.
- Advent, Bain eye Warburg stake in outsourcing firm QuEST: Reuters
Private equity investors Advent International, Bain Capital and Silver Lake are set to submit final bids for a minority stake worth about $200 million in engineering outsourcing firm QuEST Global Services, Reuters News reported.
- Sankaty to buy 4 CLOs from Regiment Capital
Sankaty Advisors, the global credit affiliate of Bain Capital, has agreed to buy the management contracts of four CLOs from Regiment Capital Advisors. The management contracts to be transferred are for Cavalry CLO II Ltd., Cavalry CLO III Ltd., Cavalry CLO IV Ltd., and Cavalry CLO V Ltd. The four CLOs total $1.6 billion of assets. Berkshire Capital Securities advised Regiment.
- Gainsight inks $50 mln Series D
Customer success company Gainsight has raised $50 million in Series D funding. Insight Venture Partners led the round. The company's other investors include Battery Ventures, Bain Capital Ventures, Bessemer Venture Partners, Salesforce Ventures, Summit Partners and Lightspeed Venture Partners. In addition to the funding, Gainsight has hired Andy Knosp as vice president of professional services. Previously, Knosp was vice president of professional services at Hortonworks.
- PE-owned Blue Coat to acquire Elastica for $280 mln
Blue Coat Systems Inc, a portfolio company of Bain Capital, has agreed to buy Elastica Inc for $280 million. Headquartered in San Jose, California, Elastica is a provider of cloud security solutions.
- Snapshot: Bain talks QuVa expansion
Bain Capital principal Jeff Schwartz tells Private Equity International that the firm’s decision to build the QuVa Pharma platform that manufactures sterile pharmaceutical products for hospitals, was a response to changes to FDA regulation.
- Nexus, Greylock invest in POP
Irvine, Calif.-based POP, a mobile app that provides a crowd-solving platform for business, has raised $6 million in a Series A round of funding. Nexus Venture Partners led the round, which included Greylock Partners. As a result of the funding, the company has added to the board Naren Gupta, co-founder and managing director of Nexus, Asheem Chandna, partner with Greylock, and Adriel Lares, former CFO of Lookout.
GE to sell Australia, NZ commercial lending portfolio to Bain affiliate: ReutersGE (GE.N) said on Monday it had agreed to sell GE Capital's commercial lending and leasing portfolios in Australia and New Zealand to Sankaty Advisors, the global credit affiliate of Bain Capital.
PE HUB First ReadFirst Read kicks off the week with news General Electic will sell its Australian commercial lending business to Bain Capital's Sankaty Advisors, World Bank says climate change could impoverish millions and Snapchat now gets over six billion views a day.