Bain Capital related stories
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Carlyle in exclusive talks to buy Tyco's South Korean unitPrivate equity firm Carlyle Group has entered into exclusive talks to buy Tyco International Inc’s South Korean security systems unit, a business valued at around $2 billion, two sources told sister news service Reuters.
- Cov-lite financing complicates life for distressed investors
Next time really will be different, and not in a good way, investors in distressed debt fret.
AngelList syndicates reveal close-knit groupsSeed investor circles are proving to be a new kind of clique, with angels and VCs investing in groups and people they know best
Need to meet Todd Rovak, managing partner, Fahrenheit 212The next great idea for innovating in business is probably not going to come from a spreadsheet, says Todd Rovak, a managing partner at the consulting firm Fahrenheit 212.
Grupo Bimbo edges out PE firms to buy Canada Bread for $1.83 blnMexican bread maker Grupo Bimbo has agreed to buy Canada Bread Co Ltd (TSX: CBY) from majority owner Maple Leaf Foods Inc for $1.83 billion. The proposed transaction, which has been approved by the boards of directors of Canada Bread and Grupo Bimbo, will require the approval of over two-thirds of the votes cast by shareholders of Canada Bread at a special meeting expected to take place in Apr. 2014. Maple Leaf has agreed to vote its 90% interest in favour of the acquisition. As reported /canada/2014/01/22/mexicos-grupo-bimbo-in-lead-to-buy-canada-bread-pe-bidders-drop-out-reuters/ by Reuters in January, other bidders for Canada Bread had included U.S. private equity firms Bain Capital and Kohlberg Kravis Roberts. Toronto-based food processor Maple Leaf (TSX: MFI) is a portfolio investment of Canadian private investment firm West Face Capital.
- Reviving Japan short of dry powder
For the third consecutive year, Japan has had more exits than deals.
- Exclusive: Vortus hits the market with $400 mln debut fund
Vortus Investments, a young, energy-focused private equity firm based in Fort Worth, Texas, is in the market targeting $400 million for its debut fund, according to a person with knowledge of the firm and a marketing presentation seen by sister news service peHUB.
So, you want to charge a premium carryKPS Capital Partners, the New York turnaround shop, wrapped up its fourth fund last spring at $3.5 billion in less than three months.
- KKR, Bain directors step down from HCA board
John Connaughton and Christopher Gordon, from Bain Capital and Kenneth Freeman and James Momtazee, from Kohlberg Kravis Roberts, have stepped down from the HCA Holdings board of directors. One representative from each of Bain and KKR remain on the board. Meanwhile, the board has appointed new directors Nancy-Ann DeParle, Robert Dennis and John Rowe as independent directors.
- L-GAM seals debut deal
The firm has made a €35m investment in French garden centre Jardiland.