Bain Capital related stories
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Rockwood Nets Several PE Bids For UnitU.S. specialty chemicals company Rockwood Holdings Inc. has attracted bids from private equity groups for its industrial ceramics unit CeramTec, people familiar with the deal said.
- Reuters - GSK Puts Lucozade and Ribena Drink Brands Up for Sale
GlaxoSmithKline is to sell soft drink brands Lucozade and Ribena in a move analysts believe will raise over 1 billion pounds ($1.5 billion) and focus its consumer health business on global products, writes Reuters. The plan was announced alongside first-quarter results that saw sales at Britain's biggest drugmaker drop a slightly smaller-than-expected 3 percent from a year ago.
- Kuipers Named CFO of Weather
The Weather Company has named Peter Kuipers CFO effective May 6. Kuipers joins the company from Yahoo! Inc., where he serves as vice president of finance for the Americas Region. He will report to Chris Walters, Weather's chief operating officer. Weeather is owned by NBC Universal, The Blackstone Group and Bain Capital.
Investors Eagerly Back KPS Fund IV Despite Premium CarryA 30% carry didn’t stop KPS Capital Partners from closing its fourth fund in record time.
Bain and Caisse-Backed BRP Files IPO ProspectusValcourt, Québec-based Bombardier Recreational Products Inc. (BRP), a portfolio company of Bain Capital and the private equity group of the Caisse de dépôt et placement du Québec, has filed a preliminary prospectus with Canadian regulatory authorities in connection with a proposed initial public offering of subordinate voting shares. BRP, which develops, manufactures and distributes power-sports vehicles, such as Ski-Doos and Sea-Doos, was acquired by Bain, the Caisse and members of the Bombardier family for C$960 million in 2003.
- Booker Raises $27.5M From Bain, Revolution, Grotech, Others
Booker, formerly GramercyOne, said it raised $27.5 million in Series B funding in a deal led by Bain Capital Ventures and joined by existing investors Revolution Ventures, Grotech Ventures, TDF Ventures, and Vital Financial. The company will use this money to scale its product and sales staffs.
- Panasonic Hires Merrill Lynch to Sell Healthcare Unit Stake
Japan's Panasonic Corp has hired Bank of America Merrill Lynch to sell a part of its healthcare unit in a deal that could raise as much as $1 billion writes Reuters. Merrill Lynch will begin providing information on the sale to potential bidders by May, including private equity funds Bain Capital and Carlyle Group, writes Reuters.