Bain Capital related stories
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Radio Broadcaster Cumulus Media to Buy Dial Global for $260 Million: WSJRadio broadcaster Cumulus Media Inc, which is backed by Bain Capital, is set to buy content producer Dial Global Inc for about $260 million in cash, the Wall Street Journal reported, citing people familiar with the matter.
- Reuters: Lloyds Agrees to Sell A$371 Million Loan Parcel to Bain's Sankaty, Says Spokesman
Britain's Lloyds Banking Group (LLOY.L: Quote, Profile, Research, Stock Buzz) has agreed to sell a A$371 million ($335.74 million) portfolio of loan assets from its Australian unit BOS International Australia to Bain Capital's Sankaty Advisors for an undisclosed price, Reuters reported.
- Reuters: Toshiba, KKR, Bain to Bid for Panasonic Healthcare Unit -- sources
Toshiba Corp, U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) and a consortium including Bain Capital are expected to participate in the final round of bids next week for Panasonic Corp's healthcare business, a deal that could fetch as much as $1.5 billion, sources told Reuters.
- Multiple PE Firms May Line Up for Blackberry - Reuters
As it considers going private, Waterloo, Ontario-based smartphone maker BlackBerry Ltd. is expected to draw interest from technology companies, buyout firms and Canadian pension funds, reports http://www.reuters.com/article/2013/08/14/us-blackberry-fairfax-idUSBRE97D07S20130814 Reuters. Sources "familiar with the situation" said some of the world's largest private equity firms, including Bain Capital, Carlyle Group and Kohlberg Kravis Roberts, may look at Blackberry if a sales process is launched. Leo De Bever, head of Alberta Investment Management Corp., said some of Canada's largest pension funds, including his own, may also consider potential deals. The fate of the company may nonetheless "rest in the hands" of its largest shareholder, Fairfax Financial Holdings Ltd., writes Reuters.
- Reuters: Bidders Line Up for $1 Billion Rexam Healthcare Unit - sources
Beverage can maker Rexam has launched the sale of its healthcare packaging business, which could fetch around 650 million pounds ($1 billion), sources told Reuters.
- Reuters: Bain to Sell Majority Stake in Domino's Pizza Japan
U.S. private equity firm Bain Capital has agreed to sell a majority stake in the Japan franchisee of Domino's Pizza to Australia's Domino's Pizza Enterprises Ltd for 12 billion yen ($124 million), Reuters said.
- Dollarama COO Becomes Head of PE-Backed 99 Cents Only Stores
Stephane Gonthier will become the president and CEO of U.S.-based discount retailer 99 Cents Only Stores, a portfolio company of private equity firm Ares Management and Canada Pension Plan Investment Board (CPPIB). Gonthier was previously COO of Canadian retailer Dollarama Inc. (TSX: DOL), a role he held during the company's ownership by Bain Capital, and subsequent initial public offering in 2009. Ares and CPPIB acquired 99 Cents Only Stores for US$1.6 billion in 2012.
ConvaTec to Issue $779M Dividend to Shareholders, Including Nordic and Avista CapitalThe dividend train continues and this time it’s ConvaTec, which is backed by Nordic Capital and Avista Capital Partners, paying out a large distribution.
- Venture-Backed Partnerpedia Acquired by BMC Software
Vancouver-based Partnerpedia Inc., a provider of enterprise application store and marketplace solutions, has been bought by BMC Software Inc. (NASDAQ: BMC). The financial terms of the deal were not disclosed. Founded in 1996, Partnerpedia was backed by Canadian venture capital firm Yaletown Venture Partners and other investors since 2009. Earlier this year, BMC Software agreed to be acquired for US$6.9 billion by a private equity group led by Bain Capital and Golden Gate Capital.
- VC-Backed Sunrun Names New COO and CFO
Sunrun said Monday that it has named Thomas J. Holland as COO and Anne Brennan as CFO. Holland is the former head of Bain & Company's San Francisco and Palo Alto, CA-based offices while Brennan is the former CFO of Unwired Planet. Sunrun is a home solar company that is backed by Accel Partners, Sequoia Capital, Foundation Capital and Madrone Capital Partners.