Bain Capital related stories
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Bain seals $1.8bn exit to Hellman, JMI EquityThe firm will sell insurance software company Applied Systems, which it acquired in 2006 for about $675m.
- Hellman & Friedman buys Applied Systems from Bain Capital for $1.8 bln
Private equity firm Hellman & Friedman has struck a deal to buy insurance software provider Applied Systems from Bain Capital for $1.8 billion, H&F said on Tuesday, sister news service Reuters reported.
- Hellman & Friedman agrees to acquire Applied Systems from Bain Capital
Hellman & Friedman has inked an agreement to buy Applied Systems from Bain Capital for approximately $1.8 billion. JMI Equity will also be investing alongside H&F. Ropes & Gray advised Bain Capital in the sale. According to terms of the deal, Applied Systems' senior management will continue to maintain a "significant ownership position" in the company. The transaction is expected to close in early 2014. Headquartered in University Park, Illinois, Applied Systems is a provider of insurance software.
- Bain Capital looks to sell Applied Systems -- Reuters
Private equity firm Bain Capital LLC is in talks with other private equity firms to sell its insurance software provider Applied Systems Inc for more than $1 billion, sources told Reuters.
- ITW gets private equity bids for $3 billion-plus unit - Reuters
At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works, in a deal that could fetch more than $3 billion, writes Reuters. Carlyle, Blackstone, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and the Canada Pension Plan Investment Board are among the firms that advanced to the second round of bidding.
- Bain Capital and RRE Ventures leads $10.5 mln round for TapCommerce
TapCommerce said Friday that it has closed $10.5 million in Series A funding. Bain Capital Ventures and RRE Ventures led the round with participation from Nielsen Ventures and return backers Metamorphic Ventures, Eniac Ventures and Nextview Ventures. Also, Bain Capital's Scott Friend of Bain Capital and RRE Ventures' Eric Wiesen have joined TapCommerce's board of directors. Based in New York City, TapCommerce is a provider of mobile retargeting solutions.
- Bain Capital and RRE Ventures leads $10.5 mln round for TapCommerce
TapCommerce said Friday that it has closed $10.5 million in Series A funding. Bain Capital Ventures and RRE Ventures led the round with participation from Nielsen Ventures and return backers Metamorphic Ventures, Eniac Ventures and Nextview Ventures. Also, Bain Capital's Scott Friend of Bain Capital and RRE Ventures' Eric Wiesen have joined TapCommerce's board of directors. Based in New York City, TapCommerce is a provider of mobile retargeting solutions.
- LBO France sells Winoa Group to KKR
The divestment comes as LBO France is attempting to collect €1bn for its latest fund.
- Bain Capital ends buyout talks with TI Automotive, say sources-Reuters
Private equity firm Bain Capital LLC has ended advanced talks with auto parts supplier TI Automotive Ltd over a possible buyout after failing to meet TI's price expectations of close to $2 billion, sources told Reuters.
- Bain Capital ends buyout talks with TI automotive
Private equity firm Bain Capital LLC has ended advanced talks with auto parts supplier TI Automotive Ltd over a possible buyout after failing to meet TI’s price expectations of close to $2 billion, according to people familiar with the matter, sister news service Reuters reported.