Bain Capital related stories
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Finally A Break From Campaign's Collateral DamagePrivate equity pros gave a collective sigh of relief in the days after President Barack Obama’s re-election, knowing that political advertisements demonizing Mitt Romney as a corporate raider during his time as head of Bain Capital were finally over.
- Higher Taxes A Top Concern For Obama's 2nd Term
The re-election of Barack Obama has crushed any hopes of rolling back first-term initiatives such as Dodd-Frank or Obamacare, and new concerns about the fiscal cliff are raising fears of changes to laws affecting carried interest, capital gains and the deductibility of interest payments.
- Huntsman Gay Appoints Managing Partner and Promotes
Huntsman Gay Global Capital has appointed Jim Learner as a managing partner. The middle-market private equity has also promoted three current executives to principal.
- Reuters - Australia's Billabong Director Considers LBO
Australian surfwear company Billabong International, which had potential buyers withdraw takeover offers last month, said one of its directors wanted to investigate a possible leveraged buyout of the firm, writes Reuters. Private equity firms TPG and Bain Capital withdrew from $700 million bids for the struggling retailer, according to Reuters.
- Reuters - KKR, TPG, Onex in Running for Gardner Denver
Private equity firm KKR Co & LP and a partnership of buyout firms TPG Capital and Onex Corp advanced to the next round of bidding for Gardner Denver Inc., several people familiar with the matter said this week, Reuters reported. The industrial machinery maker shortlisted a small group of bidders on Tuesday, including the two private equity groups, after reviewing initial takeover offers submitted last week, the people said. Blackstone Group and Bain Capital, which were participating in the auction process, did not advance to the second round of bidding, they said.
- Consolidated Container Company Buying Madras Packaging
PE-backed Consolidated Container Co. is buying substantially all of the assets of plastic container manufacturer Madras Packaging. Terms were not released. The acquisition is the second such deal by Consolidated Container since it was acquired by Bain Capital in July.
- Profitable Billtrust Takes $25M to Supercharge Growth
Billtrust may be in the unglamorous business of outsourced bill processing, but Bain Capital Ventures finds it so irresistible, it's provided the company with $25 million in funding.
- CD&R's Conway Says PE Does a Bad Job Explaining Itself, Fund VIII is 75% Invested: UPDATED
The presidential election is finally over and Kevin Conway, Clayton, Dubilier & Rice's managing partner, says he's happy we don't have to talk about it anymore. The private equity industry can go back to business as usual, says Conway, who spoke Tuesday at the Buyouts conference in Dallas. The presidential election, which saw Bain Capital co-founder Mitt Romney lose to Barack Obama, didn't intrude on private equity "doing what we do," he says.