Bain Capital related stories
All articles and analysis
- Industry Assess Damage Done By Campaign: CORRECTED, UPDATED
Private 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.
- Reuters - Bruised by Romney Criticism, Bain Capital Thanks Investors
Bain Capital, the private equity firm co-founded by defeated presidential candidate Mitt Romney, thanked its investors on Thursday for their support and patience over the last year as it confronted "political hyperbole and distortion." Romney's bid for the White House led to a broad political attack on the private equity industry, which was accused of raiding companies and cutting jobs at a time of high unemployment and growing income inequality, Reuters wrote Friday.
- Reuters - Apollo's Black Sees PE Tax Break in Jeopardy
Apollo Global Management chief executive Leon Black said a US tax break that benefits private equity and venture capital executives could fall victim to deficit reduction efforts after President Barack Obama's re-election, writes Reuters. Obama has said in the past that he favored eliminating the carried-interest tax break, which lets private equity executives pay the 15 percent capital gains tax on a large portion of their earnings, rather than the top ordinary income tax of 35 percent, writes Reuters.
- TPG Mulls $8B - $12B Target For Fund VII
TPG Capital may be the next buyout shop to hit the fundraising trail. The buyout firm founded by David Bonderman and James Coulter is considering an $8 billion to $12 billion target for its next global buyout fund, two placement agents told sister Web site peHUB.
TPG Considers $8B - $12B for Fund VIITPG Capital may be the next buyout shop to hit the fundraising trail. The PE firm founded by David Bonderman and James Coulter is considering an $8 billion to $12 billion target for its next global buyout fund, two placement agents say. Fundraising for TPG Partners VII LP is expected to begin during the first half of 2013.
- PE & VC Pros Tip off New NBA Season: Slideshow
What have NBA fans got to be happy about this season? Well, for one, it will be a full slate in 2012-13. Also, we won't have David Stern running the NBA forever, we now know. For another, some will be cheering on PE & VC pros' new crown jewels well into the postseason--if they're lucky. Take a look at peHUB's prediction slideshow for investor-run hoops franchises.
- Gardner Denver Explores Sale To TPG, KKR, Others
In a deal that may top $3 billion, industrial machinery maker Gardner Denver Inc. is exploring a sale and has drawn initial interest from TPG Capital, Kohlberg Kravis Roberts & Co., The Blackstone Group, Bain Capital and Onex, according to an exclusive report from sister news service Reuters.
- Clear Channel Falls Short On Revenue Expectations
Clear Channel Outdoor Holdings Inc’s quarterly revenue fell short of expectations as the outdoor advertising company’s international sales slipped, particularly in Europe, sending its shares down 6 percent in early trading on Friday Nov. 2, according to sister news service Reuters.