Bain Capital related stories
All articles and analysis
Audax Closes Fund IV At $1.25B CapAudax Group, the Boston firm whose two founders trace their roots to Bain Capital, announced that it has closed the fourth iteration of its flagship fund at its hard cap of $1.25 billion. The tally was 25 percent ahead of the $1 billion target for Audax Private Equity Fund IV.
- Reuters - Greggs CEO Quits to Take Up Brakes Post
British baker Greggs said on Monday its Chief Executive Ken McMeikan is to quit the firm to take up the CEO role at catering firm Brakes Group, Reuters reported. McMeikan, CEO since 2008, will stay in his position whilst a successor is appointed. Brakes, which supplies food and machinery to the catering industry and has over 10,000 staff, is owned by private equity firm Bain Capital.
- Breaking Down Private Equity’s Recap Champs
Who’s stacking all that paper? It’s Bain Capital, the winner of the dividend recap league tables, according to a recent Reuters report. We track the rest, to kick off the week.
Who’s the Dividend Recap Champ? Bain!Bain Capital has been leading private equity firms in using a controversial financing strategy to generate low-tax special dividends for itself and its investors for nearly the last decade.
- SunGard to Pay First Dividend, $720 Million, Since Going Private Seven Years Ago
SunGard Data Systems is looking to pay out its first dividend since being acquired by a group of private equity firms in 2005.
- FleetCor Concludes Repurchase of Common Stock Shares
FleetCor Technologies has completed its previously announced purchase of approximately 3.85 million shares of FleetCor common stock at $51.91 per share pursuant to a share repurchase agreement with certain of its private equity shareholders associated with Summit Partners and Bain Capital. The share repurchase was effected in a private transaction and FleetCor funded the $200 million aggregate purchase price with borrowings under its credit facilities.
- peHUB Second Opinion 12.3
To end your Monday, we have news that News Corp.'s The Daily is no more, whether Facebook is buying Whatsapp and a Royal Baby is on the way.
- Slideshow: U.S. M&A Remains Slow But Steady
In a surprise, the U.S. M&A market seems quite steady. There were 101 U.S. announced deals this week (Nov. 25 to Nov. 30), valued at $32.9 billion, according to data from Thomson Reuters. This compares to last year, when there were 82 U.S. announced mergers from Nov. 20 to Nov. 26 (the last full week of November), totaling about $24.5 billion.
- Conde Nast Pours Cash into Rent The Runway
Rent the Runway, an online company for dress and accessory rentals, has sealed $20 million in new capital from investors including Conde Nast parent company Advance Communications, as well as venture firms Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers. The company has raised $31 million in total funding to date.
- Reuters - Bain's MYOB Plans $131M Notes Offer to Cut Debt
Accounting software firm MYOB, the sole Australian investment of U.S. private equity firm Bain Capital, plans to offer A$125 million ($131 million) in five-year subordinated notes to help pay down debt and pay a return to its owner, Reuters reported. MYOB said in a statement the proceeds would partly repay senior debt used to finance the buyout of the firm, as well as make a return of capital to Bain. Bain bought MYOB last year for about A$1.3 billion from Australian private equity firm Archer Capital.