Bain Capital related stories
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Bain Capital Invests in Blackhawk Specialty ToolBain Capital has recapped Blackhawk Specialty Tools. Financial terms weren't announced. Company management also invested. Houston-based Blackhawk Specialty provider specialty equipment and services to the oil and gas industry.
- Bressler Named President, CFO of Clear Channel Communications
CC Media Holdings said Tuesday that Richard Bressler will become President and Chief Financial Officer of CC Media Holdings and Clear Channel Communications. Bressler will also become CFO of Clear Channel Outdoor Holdings, reporting to Chairman and CEO Robert Pittman, effective immediately. Bressler has served as CFO of Time Warner and Viacom and Managing Director at Thomas H. Lee Partners. CC Media Holdings, the parent company of Clear Channel Communications which is a portfolio company of Thomas H. Lee Partners.
- Private Equity M&A In Information Tech Falls 15% In First Half
Private equity M&A activity in the information technology industry fell 15% in the first half of the year, according to a study from Berkery Noyes. Transactions totaled 234, compared with 198 in the second half of 2012. Deal volume by strategic acquirers, however, was largely flat.
- Bain Buys Plasma Provider From Britain
Private equity firm Bain Capital announced July 18 it had agreed to buy a majority stake in British government-owned Plasma Resources UK (PRUK) for 230 million pounds ($349 million), sister service Thomson Reuters Loan Pricing Corp reported.
Real Estate Rebound Brings Deals, Fresh CapitalWith the U.S. housing market providing a bright point in the sluggish economic recovery, 2013 is shaping up to be a big year for real estate deals. And a healthy appetite for the sector by investors suggests the trend will continue.
- Michaels Sets $800M Dividend To Bain, Blackstone
Michaels Stores, which filed last year to go public, plans to pay out an $800 million dividend to its shareholders, which include Bain Capital and The Blackstone Group.
- Reuters: Houghton Mifflin Close to IPO After Emerging from Bankruptcy -sources
Houghton Mifflin Harcourt, the textbook publisher that emerged from bankruptcy last year, is close to filing for an initial public offering that could come later this year, sources told Reuters.
Michaels Stores to Pay out $800 Mln Dividend to Bain, Blackstone, OthersBain Capital and Blackstone stand to get nearly half of their investment back from Michaels Stores. The crafts retailer plans to issue an $800 million dividend to shareholders.
- Platinum's Keystone Sets Dividend
Keystone Automotive Operations, which was up for sale earlier this year, is paying out a dividend to investors, sister website peHUB reported.
- Crane to Complete Buy of PE-Backed MEI by Selling Toronto's CashCode - Reuters
U.S. manufacturer Crane Co. can proceed with its US$820 million buy of MEI Group, a portfolio company of Bain Capital and Advantage Partners, now that the company has agreed to sell Canadian and German subsidiary assets, reports Reutershttp://www.reuters.com/article/2013/07/19/crane-meiconlux-eu-idUSL6N0FP26M20130719 European regulators approved the deal on the condition that CashCode, a Toronto-based company focused on bill validation and recycling devices, and Germany's National Rejectors, are divested to ease competition concerns. CashCode was acquired by Crane for US$86 million in 2006. The MEI acquisition was announced in December 2012.