Bain Capital related stories
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A VC-Turned-Entrepreneur Lands a Star Cofounder – and Several Million DollarsIn May, Adam Marchick left Bain Capital to start his own Palo Alto-based startup, Kahuna, which has already raised “several million” dollars and attracted as cofounder the founding CTO of SugarCRM, Jacob Taylor. Its tagline: “Harnessing the power of big data insights to deliver business value to mobile application developers.”
- Bain Pays $1.3B for Telefonica Call Center Biz
Spain's Telefonica has clinched a 1 billion euro ($1.3 billion) deal to sell its Atento call centre business to U.S. private equity firm Bain Capital as part of a drive to cut debt. The telecoms group is trying to raise funds to reduce a 57 billion euro debt pile and preserve a coveted investment grade credit rating, at a time when its crisis-hit home country faces pressure to seek an international bailout, Reuters reported. The deal includes a 110-million-euro deferred payment by Bain, which was co-founded by U.S. Republican presidential candidate Mitt Romney, as well as 110 million euros in financing provided by Telefonica, the Spanish group said on Friday.
- Reuters – Bain, Apollo Eye McGraw-Hill Unit
McGraw-Hill Companies Inc.'s education unit is expected to draw final bids from private equity firms Bain Capital and Apollo Global Management as well as rival Cengage Learning Inc., in a deal that could fetch around $3 billion, several people familiar with the matter said, according to a Reuters report. Cengage, the No. 2 U.S. college textbook publisher, and the two private equity firms are working on final offers for McGraw-Hill Education, the world's second-largest education company by sales, with the bids due later in October, the people said.
- Buyout Execs Emails Unsealed
Top executives at some of the world's largest private equity firms, including KKR & Co LP and Blackstone Group LP sent emails that allegedly show them plotting to scoop up companies on the cheap during last decade's buyout boom, according to court documents unsealed on Wednesday.
- peHUB Second Opinion 10.10
To end your Wednesday, Sprint holds off on making a bid for MetroPCS, eBay gets pinteresting and whether Bain was really interested in Gawker.
- Bain Capital Partners to Acquire Apex Tool Group
Bain Capital Partners is to acquire tools manufacturer Apex Tool Group from Danaher Corporation and Cooper Industries. The transaction is valued at approximately $1.6 billion. Additional terms of the deal were not disclosed.
- Rapid7 Acquires Mobilisafe
Rapid7, a provider of security risk management solutions, has acquired Mobilisafe, a Seattle-based mobile risk management provider. Rapid7 is backed by Bain Capital Ventures and Technology Crossover Ventures.
- Investor Beware: The Perks Of Private Equity
When it comes to private equity compensation, limited partners like to make sure that interests are firmly aligned.