Bain Capital related stories
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HCA must face class action over 2011 IPOHCA Holdings Inc, one of the largest U.S. hospital chains, must face a shareholder class-action lawsuit accusing it of concealing revenue declines and its routine performance of unnecessary cardiac procedures prior to its $4.35 billion initial public offering in March 2011.
NJ discusses payment options in collusion casePrivate equity firms that have agreed to settle in a wide-reaching collusion case likely will pay their settlements through some combination of insurance, fund capital or balance sheet capital, Chris McDonough, director of the New Jersey Division of Investment, said.
- Hazelcast garners $11 mln Series B
Hazelcast has raised $11 million in Series B funding. Earlybird Venture Capital led the round. Headquartered in Palo Alto, Calif., Hazelcast is a provider of an open source in-memory data grid.
- Japan's Skylark to offer up to $1.1 billion in shares in Tokyo IPO-Reuters
Japan's Skylark Co Ltd will list on the Tokyo Stock Exchange on Oct. 9 in an initial public offering worth up to $1.1 billion, marking the restaurant operator's return to the market three years after it was bought by Bain Capital., Reuters reported.
- Bain Capital's Atento seeks IPO valuation of up to $1.6 bln: Reuters
Spanish call center operator Atento SA IPO-ATTO.N, owned by private equity firm Bain Capital Partners LLC, said it expected its initial public offering to be priced $19-$22 per share, valuing the company at up to $1.60 billion.
- SEC charges insiders, including Bain's Sankaty, with disclosure violations
U.S. regulators have charged 34 companies, corporate executives and major shareholders in a first-of-its-kind sweep into violations of federal laws that require insiders to disclose promptly their stock holdings and trades. The U.S. Securities and Exchange Commission said that the defendants included well-known companies such as Starwood Hotel & Resorts Worldwide Inc, Jones Lang LaSalle Inc, Royal Bank of Scotland and Sankaty Advisors LLC, a unit of the private equity firm Bain Capital.
High-tech baby gear company 4moms raises $40 mlnCastanea Partners leads $40 million funding round of Pittsburgh-based, high-tech baby gear company 4moms, with participation from existing investor Bain Capital Ventures.
- BCG appoints Alvarez & Marsal partner
Russell Kellner recently joined the BCG Boston office as a partner from Alvarez & Marsal where he was a managing director and led their commercial due diligence practice. Prior to A&M, Kellner spent 8 years at Bain & Company, most recently as a principal and member of their private equity and financial services practices.
- TPG offers management fee discounts for fund
TPG Capital has launched formal fundraising for TPG Partners VII with a target of $8 billion to $10 billion and management fee discounts of up to 25 percent for the largest and earliest LPs in the buyout pool, but people with knowledge of the firm are mixed on how quickly the marquee buyout shop will wrap up the effort.
- Flex Pharma raises $40 mln from big investor group
Flex Pharma, a biopharmaceutical company focused on treatments for neuromuscular disorders, has raised $40 million from an investor group. Investors include Longwood Fund, Bessemer Venture Partners, EcoR1 Capital, Jennison Associates, Lightstone Ventures, Alexandria Equities, CD-Venture, Bindley Capital Partners, City Hill Ventures and several individuals including Steve Pagliuca, managing director at Bain Capital.