Bain Capital related stories
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KKR's 2006 Fund Enters Its Home StretchIt was one of the biggest buyout funds ever raised, it backed some of the largest LBOs, and it was part of the vintage 2006 that had to contend both with a financial crisis and the Great Recession. Nevertheless Kohlberg Kravis Roberts & Co. appears to be on a reasonably successful track with KKR 2006 Fund LP as it continues the harvest phase.
- Bain, TPG-Backed Quintiles Raises $947M In IPO
Drug researcher Quintiles Transnational Holdings raised a more-than planned $947 million in its IPO, the latest listing from a private equity-backed company as record highs for U.S. stocks encourage more exits from investments, according to sister news service Reuters.
- Bain in the Lead as Yankee Candle Sale Fizzles - Sources
Bain Capital LLC has emerged as the last party standing in the race for Yankee Candle Co Inc, three people familiar with the matter said, making it likely that the largest scented candle maker in the United States will stay in private equity hands, Reuters reported.
TPG Scores Big Windfall with Quintiles, Northern Tier IPOsTPG has had much luck taking its portfolio companies public.
CTI Foods Sells to Private Equity for Third TimeFor a third time, CTI Foods will find itself owned by a private equity firm.
- Reuters – PE Eyes U.S. Loan Market for CeramTec Buyout
Bankers are looking towards the U.S. debt market to raise 900 million euros ($1.18 billion) for a buyout of industrial ceramics firm CeramTec, spurning Europe where risky debt is in shorter supply, bankers said on Thursday. U.S. specialty chemicals company Rockwood Holdings Inc has put Germany-based CeramTec up for sale in an auction process run by Lazard. CeramTec has a price tag of around 1.4 billion euros, bankers said. The U.S. market for riskier debt is more liquid than Europe's, making it easier to raise large amounts at competitive rates. A U.S. financing can be "covenant-lite", a structure that offers little or no protection for lenders via financial tests.
- Reuters - Quintiles IPO Raises More Than Planned
Drug researcher Quintiles Transnational Holdings raised a more-than planned $947 million in its IPO, the latest listing from a private equity-backed company, writes Reuters. Strong investor demand for the deal helped Quintiles, which is backed by Bain Capital and TPG Capital, price 20 percent more shares than expected at the top end of the range and pushed up pricing a day early, writes Reuters.
- BMC to Go Private in $6.9 billion Deal Led by Bain, Golden Gate
Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion, Reuters reported.