Bain Capital related stories
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Clessidra nears 500 mln euros for first close on Fund IIIClessidra Capital Partners, an Italian manager that has been in talks to buy a majority stake in fashion house Roberto Cavalli, is approaching 500 million euros ($543.6 million) for a first close for its latest flagship fund, according to a person with knowledge of the fundraising.
KKR mulls launch of next flagship North America Fund this yearKohlberg Kravis Roberts & Co is on track to launch a major fundraising effort to follow up its $9 billion flagship North America Fund XI from 2012, as it continues to deploy capital in the high-priced deal environment.
OpenFin snags $3 mlnNew York and London-based OpenFin, a provider of HTML5 runtime technology for the financial sector, has secured $3 million in funding. Bain Capital Ventures, Pivot Investment Partners and Nyca Partners led the round with participation from other investors that included Tom Glocer, former Thomson Reuters CEO. According to the company, the capital infusion will be used for product development and to expand its engineering team in both New York and London.
San Diego County re-ups to tune of $100 mln to Blackstone VIIThe San Diego County Employees Retirement Association approved a $100 million commitment to Blackstone Capital Partners VII at its April 16 board of retirement meeting, according to a recording of the meeting available through the pension’s website.
On the move, 4.20.15The following hires, promotions and appointments are for the April 20, 2015, issue of Buyouts.
IRS should crack down on private equity’s abusive tax alchemyPE fund managers should not be able to cut their taxes by disguising their salary income as capital gains, argues guest columnist Eileen Appelbaum of the Center for Economic and Policy Research.
- Attivo Networks snags $8 mln Series A
Fremont, California-based Attivo Networks, a provider of advanced threat detection technology, has secured $8 million in Series A funding. Bain Capital Ventures led the round. In addition to the funding, Enrique Salem, former president and CEO of Symantec Corp, has been named to Attivo’s board of directors.
- Goldman, Bain Capital Ventures lead $25 mln round for Billtrust
Goldman Sachs Private Capital and Bain Capital Ventures have led a $25 million round for Billtrust. Hamilton, N.J.-based Billtrust provides automated invoice-to-cash solutions for businesses.
Former Massachusetts Governor Patrick to join Bain Capital: reportFormer Democratic Massachusetts Governor Deval Patrick is joining the Boston-based private equity firm Bain Capital founded by his predecessor, Republican Mitt Romney, the Boston Globe reported on Tuesday, according to Reuters.
- Former Massachusetts Gov joins Bain
Deval Patrick will focus on social impact investments