Bain Capital related stories
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Privately Speaking: David Bonderman of TPGFor TPG co-founder David Bonderman, ESG is top of mind, and he has firm views on the subject. When Philip Borel and James Taylor asked him about them, he was equally forthright on the trouble with Europe, how to tackle the challenges of Asia and what his firm will look like in five years’ time.
- Korean LPs to shop overseas
Korea’s LPs are urgently hunting for higher returns in offshore alternatives – but most have only domestic experience, writes Drew Wilson
- Lawson named CEO of HGGC
Richard Lawson has been promoted to CEO of HGGC, formerly Huntsman Gay Global Capital, which recently returned all committed capital from its $1.1bn debut fund back to LPs.
- Bain serves up $123m Japan exit
The private equity giant has sold a 75% holding in Domino’s Pizza Japan to Domino’s Australia after significant operational improvements on the business.
- General Atlantic continues India expansion
The global private equity firm has hired Alok Misra as a senior vice president to provide financial and strategic advice to its Mumbai-based investment team.
- Study: Exchanging fees for carry bad deal for GPs
The average GP does not benefit from lowering their management fee in exchange for a greater share of carried interest, according to fresh research.
- Madison Dearborn doubles money on Yankee Candle
The $1.75bn exit comes following a terminated sale and scuttled refinancing for the candle retailer, which Madison Dearborn acquired in 2007.
- Stackdriver racks up $10 mln in Series B financing
Stackdriver said Wednesday that it has received $10 million in Series B financing. The lead investor was Flybridge Capital Partners. Existing investor Bain Capital Ventures also participated in the round. In addition to the funding, Chip Hazard, a general partner at Flybridge Capital Partners, will join Stackdriver’s board. Based in Boston, Stackdriver is a provider of intelligent management for cloud-powered applications.
- Sponsors push for lower equity levels in leveraged buyouts - Reuters
Equity contributions on large leveraged buyouts are falling to levels not seen since the height of the buyout boom in 2007 as borrowers achieve more aggressive terms on deals from cash-rich investors eager to put money to work, writes Reuters. More positive macro-economic conditions throughout the course of 2013 and a shortage of M&A has allowed sponsors to drive more advantageous terms on their deals.
- PE-backed Novacap buys majority stake in China-based Yangzi
Novacap, which is backed by AXA Private Equity, has purchased a majority stake in Yangzi. No financial terms were disclosed. Based in China, Yangzi is a chemical company.