Bain Capital related stories
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Providence to buy Clear Channel division for $1.2bn(2)Clear Channel is selling a group of 54 television stations to Providence Equity Partners for $1.2 billion. The media giant is also in agreements to sell 161 radio stations for $331 million.
- Bain and Odewald sell German printer(2)
Bain Capital and German investor Odewald have sold 2D Group, a German printing group, to Quadriga Capital.
- Explosive maker rejects $8.3bn buyout proposal(2)
Orica, an Australia-listed explosive maker, has seen its share prices jump by more than twenty percent after rejecting a A$10 billion proposal from a private equity consortium.
- Warburg Pincus buys $625 million Metavante(2)
Warburg Pincus has become the second private equity firm this week to back a US-based electronic payments firm, following KKR’s $29 billion acquisition of First Data on Monday.
- Allianz closes biggest ever German FoF(2)
Allianz Private Equity Partners has raised an €823 million fund-of-funds, which it will use to invest in buyout and venture funds worldwide.
- Buyout firms circle €2bn Reed Elsevier division(2)
Private equity firms are amongst the favourites to buy the education arm of Reed Elsevier, after the publishing company said it was putting the division up for sale.
- Carlyle hires Neutrogena exec for cosmetics firm(2)
The Carlyle Group has chosen Michael McNamara as the new chief executive officer for philosophy, the upscale cosmetics brand it acquired in January.
- Coles takes a stand against club deals(2)
Australian retailer Coles Group has again shunned its private equity suitors, reportedly insisting that it cut its bidding consortium from five firms to four. The move will fuel the ongoing debate about club deals.
- Report: Goldman increases fund target to $19 billion(2)
Goldman Sachs’ private equity arm has reportedly almost doubled the target for its latest fund to $19 billion, which would make it one of the world’s biggest buyout funds.
- Bain Capital in largest ever South African buyout(2)
US group Bain Capital has agreed a $3.5 billion deal for South African retailer Edgars Consolidated Stores, the largest buyout ever recorded in the country.