Bain Capital related stories
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Bain leads $6.9bn software take-privateThe acquisition of BMC Software by a group of investors including Golden Gate Capital, Insight Venture Partners and the Government of Singapore Investment Corporation is the third private equity ‘mega-deal’ to transact in 2013.
- Sun Capital in exit to Japanese buyer
Japanese building products company Lixil has agreed to buy American Standard for an enterprise value of $542m.
- Bain to acquire Maison du Monde
The US firm will buy the French furniture retailer from Apax, LBO France, and NiXEN, in a deal valued at between €650m and €700m.
- China’s Dalian buys PE-backed Sunseeker
Chinese property and entertainment giant Dalian Wanda Group has acquired Sunseeker from Irish private equity firm FL Partners as China outbound M&A picks up.
- PAI chief to step down in 2015
The succession plans, laid out as PAI raises a €3bn fund, will see the firm’s investment head take on the top role halfway through the vehicle’s investment period.
- Bain and Caisse de dépôt to sell portion of BRP shares for $222.8 mln
Bain Capital and the Caisse de dépôt et placement du Québec have agreed to dispose of a portion of their holdings in Valcourt, Québec-based Bombardier Recreational Products Inc (BRP, TSX: DOO). Through a secondary offering, Bain and the Caisse will sell 8,000,000 subordinate voting shares of the company for around $222.8 million. BRP, which develops, manufactures and distributes power-sports vehicles, was acquired in 2003 by Bain, the Caisse and members of the Bombardier family. The company completed an initial public offering on the Toronto Stock Exchange in May 2013.
- Lehman collects distributions from LP stakes
The bankrupt bank continues to have an active pool of limited partner interests in private equity funds, which contributed to $1.2bn in distributions last year.
- Tax issues raised in Australia PE case
Tax documentation covering Archer Capital's 2011 secondary sale of MYOB has been requested in an ongoing legal dispute between Archer and Sage Group.
- Judge dismisses Providence and Apollo from collusion case
With the removal of the two mega private equity firms, eight others remain accused of colluding to keep deal prices low during the credit bubble era.
- Billabong seals PE refinancing package
The credit arm of The Blackstone Group and a consortium led by Altamont Capital have agreed to give a $294m bridge loan to the ailing Australian surf-wear maker.