Bain Capital related stories
All articles and analysis
House names witnesses for PE hearingAn executive of private equity-owned Dunkin’ Donuts will sit alongside a union representative, an academic and the head of a new private equity lobbying group to answer questions from US congressmen tomorrow.
- CVC, KKR pull out of Coles takeover bid
Kohlberg Kravis Roberts & Co has decided to follow CVC Asia Pacific and quit the consortium bidding for Coles Group after two weeks of due diligence on the Australian retail giant. Coles shares have consequently fallen below the A$17.00 mark for the first time since April.
- Sun Capital buys Japanese snack maker(2)
Sun Capital’s recently established Japanese affiliate has completed its first deal with the acquisition of “Fruit Jelly” snack maker Tarami.
- Private equity backs its own in US election(2)
The US private equity community has contributed substantial sums to the ever-expanding war chests of the US presidential hopefuls. Republican candidate Mitt Romney, the co-founder of Bain Capital, has predictably been the most generously supported.
- TH Lee, Bain increase Clear Channel bid(2)
Thomas H. Lee and Bain Capital have increased their offer for Clear Channel by nearly 4 percent, valuing the buyout at more than $27 billion. The private equity firms have said it is their final offer.
- Clear Channel board reverses bid rejection
Clear Channel’s board is now in talks with Bain Capital and TH Lee regarding the sweetened offer it rejected last week. This latest twist comes one day before shareholders were meant to vote on the buyout.
- KKR, CD&R in $7.1bn food distributor deal(2)
Dutch retail giant Royal Ahold has agreed to sell its food distribution company, US Foodservice, to KKR and CD&R for $7.1 billion.
- Sweetened bid for Clear Channel rejected(2)
Clear Channel’s board has rejected a 0.5 percent higher bid for the media giant from TH Lee and Bain Capital, saying it would delay next week’s shareholder vote on the buyout. Two weeks ago, the private equity firms upped their bid by 4 percent and had said that was their ‘best and final offer’.
- Buyout battle looms for Thomson division(2)
Some of the world’s biggest buyout firms are set to fight it out for the $3.5 billion-valued higher education division of publishing company Thomson, in the latest demonstration of private equity’s appetite for the sector.
- Wendel recruits Donnet for Asia push(2)
Wendel, the French-listed investment group, is continuing its efforts to expand outside its home market by launching an Asia-Pacific operation and recruiting Philippe Donnet to run it.