Bain Capital related stories
All articles and analysis
Pomona nears target for Fund VIIIThe firm has collected more than $1.1bn toward a $1.3bn target for its eighth secondaries fund, which launched in 2012.
Pearce leaves big shoes to fill at Canadian LP institutionDoug Pearce, the CEO and CIO of the British Columbia Investment Management Corporation, helped introduce alternative investments into the institution's portfolio, and worked to grow that exposure through his career.
Bain increases GP commitment to $800 mln on Fund XIBain Capital increased its GP commitment to its Fund XI to $800 million from $600 million after a sustained period of strong exit activity, prompting some potential investors to take another look at committing to the fund.
- Ares, CPPIB injecting just 25% equity for their $6.4 bln buy of Neiman Marcus
Ares Management and the Canada Pension Plan Investment Board are buying Neiman Marcus for more than $6 billion but their equity check is coming in low.
- Ares, CPPIB injecting just 25% equity for $6.4 bln buy of Neiman Marcus
Ares Management and the Canada Pension Plan Investment Board are paying more than $6 billion for Neiman Marcus, but the private equity firms are putting just $1.6 billion into the deal, according to an SEC filing http://www.sec.gov/Archives/edgar/data/1358651/000104746913009525/a2216931z8-k.htm
- Bain Capital nears $5 bln for 11th flagship fund: UPDATE
Bain Capital has raised nearly $5 billion for its flagship buyout fund with about $1 billion left to go to hit its target, according to a prospective investor. Meanwhile, the firm’s big commitment to the fund has drawn positive comments from two limited partners, who are now reconsidering whether to dive in, according to sister publication peHub.
Fundraising headed for another big yearThe coffers of cash-hungry U.S. sponsors filled up at a healthy pace in the third quarter, as investors flocked to mid-market funds while by no means snubbing their noses at the mega-funds that have come in for so much criticism in recent years.
Tech, health care buyouts surged in Q3U.S.-based sponsors closed an estimated 362 mergers and acquisitions in the three months ending Sept. 30, up from 274 in the second quarter and down slightly from the total of 366 in the year-ago quarter. Dollar volume dropped to $23.6 billion in the three months ended Sept. 30, from $41.1 billion in the second quarter. In the third quarter of 2012, dollar volume totaled about $28.0 billion.
Buyout-backed exits stay the course in Q3The number of exits by U.S.-based financial sponsors has remained steady from the second to the third quarter, although the disclosed volume of M&A exits jumped significantly.
- Bain and Caisse de dépôt wrap up $223 mln sale of BRP shares
Bain Capital and the Caisse de dépôt et placement du Québec have closed their previously announced sale of 8 million subordinate voting shares in Valcourt, Québec-based Bombardier Recreational Products Inc (BRP, TSX: DOO). The secondary transaction generated gross proceeds of about $223 million. BRP, which develops, manufactures and distributes power sports vehicles, was bought in 2003 by Bain, the Caisse and members of the Bombardier family. The company completed an initial public offering on the Toronto Stock Exchange earlier this year.