Bain Capital related stories
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PE-backed Worldpay targets $1.4 bln in London listing: ReutersBritish payments processing firm Worldpay Group Ltd plans to raise about 890 million pounds ($1.4 billion) after deciding to list its shares rather than being taken over by French rival Ingenico.
Ingenico has financing lined up for Worldpay bid: ReutersIngenico has all the financing in place to back a bid for Worldpay (IPO-WORLD.L), the British payments processing company which is being sold by Advent International and Bain Capital, a source told Reuters News.
- Worldpay owners to decide on sale process on Friday: Reuters
Worldpay's private equity owners, Advent International and Bain Capital, will decide on Friday whether to sell or list the British payments processing company, sources told Reuters News.
PE HUB Second OpinionIn Second Opinion, Worldpay's owners Advent International and Bain Capital will reportedly decide on Friday whether to list or sell the company, bacon lovers get their own dating app courtesy of Oscar Mayer and the average American family earned $53,657 last year, says the U.S. Census Bureau.
- Cloud startup Iron.io raises $8 mln
San Francisco-based Iron.io, a provider of cloud infrastructure services, has raised an $8 million Series A round of funding. Baseline Ventures led the round and was joined by fellow existing investors Bain Capital Ventures, Divergent Ventures, Ignition Partners and Cloud Capital Partners. The company previously raised $5.5 million in seed funding, including from individuals Jonathan Siegel, Matt Ocko, Jared Kopf and Lance White, among others.
- Bain Capital Ventures leads $225 mln round for AvidXchange
Charlotte, North Carolina-based AvidXchange, a provider of accounts payable and payment automation, has closed $225 million in funding. Bain Capital Ventures led the round with participation from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank and TPG Special Situations Partners. In addition to the funding, Matt Harris, managing director of Bain Capital Ventures, Brad Feld, co-founder of Foundry Group and Techstars, and Hans Morris, managing partner at Nyca Partners, have been added to AvidXchange's board of directors.
Hanau jumps to Bain from 3iKen Hanau has left 3i Group after nine years to join Bain Capital.
- HookLogic raises $15.5 mln
HookLogic said Thursday it raised $15.5 million in a Series C growth round from new investors Fung Capital and Mousse Partners. Existing investors Bain Capital Ventures and Intel Capital took part in the round. New York-based HookLogic, which provides performance marketing for brands, said it also sold its AutoHook division to Urban Science. Financial terms weren’t announced. Presidio Group advised HookLogic on the sale.
Bain backs Sundial Brands with Deval Patrick taking part in the dealBain Capital paid an undisclosed sum for a minority stake in Sundial Brands with former Massachusetts Governor Deval Patrick taking part in the deal as he transitions from public life to a private equity rainmaker at the Boston firm.
Funding into security increases as hacks show no let up--VCJ data spotlightInvesting in the general security sector is on an upward trend as recent exits in the space have also taken place.