Bain Capital related stories
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Mega-Firms Power Strongest Fundraising Year Since CrisisWhen all the numbers are in, 2012 will go down as one of the biggest years for fundraising in the United States, boosted by a dramatic return of mega-funds.
Industrials, Carve-Outs Dominate Cautious MarketDeal volume in the leveraged buyout market continued to improve—albeit modestly—in 2012 from its nadir in the Great Recession. But despite favorable financing conditions the market showed no signs of returning to the pace of the buyout boom in 2006 and 2007.
PE Firms Exit MEIMEI Conlux Holdings and affiliates have been sold from Bain Capital and Advantage Partners in an $820 million exit to Crane Co., a listed, Connecticut-based manufacturer of engineered industrial products.
- Bain Hires Gaby Abdelnour
U.S. private equity firm Bain Capital said it has hired Gaby Abdelnour, former Asia-Pacific CEO at J.P. Morgan, as a senior adviser, Reuters reported. Abdelnour's appointment takes effect from Jan. 1, 2013. Abdelnour, who headed J.P. Morgan's Asia-Pacific operations since July 2006, decided to quit the bank earlier this year.
- Reuters – Billabong Gets $556M Bid
Australian surfwear company Billabong International received a $556 million bid, the latest takeover play in a tumultuous year in which three previous offers withered, but its shares fell sharply on Wednesday as it cut its earnings forecast, Reuters reported. A consortium led by director Paul Naude and New York-based Sycamore Partners offered A$1.10 per share, a 12 percent premium to the stock's last trade before a trading halt on Monday.
- KKR Raises $6B Asia Fund, Region's Largest
Kohlberg Kravis Roberts & Co. has finished raising $6 billion for its second pan-Asia fund, sources told sister news service Reuters, in the largest private equity pool ever assembled for the region, with strong demand from pension funds and endowments seeking emerging market returns.
- KKR Raises $6B Asia Fund
KKR & Co L.P. has finished raising $6 billion for its second pan-Asia fund, according to sources, the largest private equity pool ever assembled for the region, with strong demand from pension funds and endowments seeking emerging market returns, Reuters wrote Sunday. KKR's latest Asia fund, which follows a $4 billion regional fund it raised in 2007, is over-subscribed, the sources told Reuters, meaning demand exceeded the current total despite challenges facing investors putting money into the region's slowing economy.
- Which PE Firm Was The Biggest Dealmaker Of 2012? The Winner Is...
It's that time of year again. There's only a few weeks left in 2012 and it's time to find out which PE firm was the most active, and biggest, dealmaker this year. And the winner is...
- Reuters - PE Firms on the Hunt for Spanish Deals
Private equity firms are on the hunt for cheap Spanish companies that can give them a springboard into fast-growing Latin America, raising hopes for a pick-up in deals next year as bank-related sales slowly get off the ground, Reuters wrote Friday. Spain's financial crisis has cut the price of its corporates, but also effectively frozen local lending for private equity deals as banks shrink their loan books. While the lack of debt and the gloomy domestic outlook are putting many dealmakers off, others see a golden opportunity to pick up bargains with little competition.
- LogicSource Appoints Vail as General Manager
Sourcing solutions firm LogicSource has appointed Sam Vail to the newly created position of general manager of its OneMarket technology division. LogicSource is headquartered in Norwalk, Conn and is owned by Bain Capital.