Bain Capital related stories
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Nomura Talking with KKR, TPG and Others About Selling More Assets: Report(Reuters) - Japan's Nomura Holdings has approached big private equity firms about the possible sale of domestic businesses including its real estate arm as the bank seeks to shore up its capital buffers, the Financial Times reported on Wednesday. The bank is considering selling Nomura Real Estate and Nomura Research Institute, its consulting, information technology and research arm, the FT reported, citing several people familiar with the preliminary talks with parties including KKR and TPG. "They are talking to everyone about everything not directly related to the securities business," the Japan head of one big private equity firm that has taken part in the talks said but there was no formal auction process, the FT reported. Buyout firms which have looked at Nomura Real Estate say Nomura may have difficulty ...
- Bain Capital Strikes Medtronic Asset Deal
Bain Capital, Boston-based private equity firm, will acquire Medtronic Inc.’s Physio-Control, a provider of emergency medical response technology. The deal is worth $487 million. Non-equity financing for the transaction is being provided by Citigroup Global Markets Inc. and RBC Capital Markets. Goldman Sachs is acting as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP as legal advisor to Medtronic. Citigroup Global Markets Inc. and RBC Capital Markets are acting as financial advisors and Kirkland & Ellis as legal advisor to Bain Capital.
- Rapid7 Closes $50M Round
Rapid7, a provider of security risk technology, has closed on $50 million in Series C financing from Palo Alto, Calif.-based Technology Crossover Ventures. Rapid7, which is based in Boston, will use the money to expand its product development, for potential acquisitions, and international expansion. Tim McAdam, TCV general partner, will join Rapid7’s board. The company is also backed by Bain Capital Ventures.
- Advantage, Bain In Final Round for Yayoi
Advantage Partners, Bain Capital and Orix Corp. have moved into the final round of bidding for private equity-owned software developer Yayoi, Reuters reported. The deal is worth an estimated $800 million and would provide a strong exit for MBK Partners, which bought Yayoi in 2007.
- peHUB Second Opinion 11.15
Why you may not want to check Facebook http://www.forbes.com/sites/kashmirhill/2011/11/15/you-may-not-want-to-check-facebook-at-work-today/ at work today. Fred Wilson to students: don't overdose on school if you want to be an entrepreneur; learn to code instead http://www.betabeat.com/2011/11/15/fred-wilson-tells-would-be-entrepreneurs-to-skip-school-and-learn-to-code/ Our work is done here: Bain Capital is cashing out its entire stake http://online.wsj.com/article/BT-CO-20111115-709541.html in LinkedIn. The slow process of returning money to MF Global customers begins http://dealbook.nytimes.com/2011/11/15/mf-global-trustee-seeks-approval-of-customer-claims-proceedings/ Newt Gingrich looking at people condescendingly http://nymag.com/daily/intel/2011/11/newt-gingrich-condescendingly.html Gawker greatly regrets the making of this promotional video http://gawker.com/5859775/ for Sapient (as do we). Steve Ballmer says it will be a cold day in hell before Microsoft breaks itself up into separate companies. Or something like that http://news.cnet.com/8301-10805_3-57325119-75/ballmer-sees-no-value-in-splitting-microsoft-up/ Jack Welch: Harvard schmarvard; enroll in my $30,000 executive online program http://management.fortune.cnn.com/2011/11/15/look-out-b-schools-jack-welch-is-moving-in/ for a "recognized brand MBA." As a result of their breakup, Mike Bennett and Jen Grunwald hereby agree to end all online contact immediately http://www.mcsweeneys.net/articles/better-off-as-friend-requesters
- Slideshow: Permira Ramps Up U.S. Activity
In the last six months, European buyout shop Permira has signed as many acquisitions in the United States—three—as it had in the entire eight years since first opening an office in New York in 2002, Buyouts writes in a profile of the firm published Monday. The deals mark the culmination of an almost decade-long expansion that began with the New York office and continued with a Menlo Park office, opened in 2008. In between, in 2005, the firm hired Tom Lister, a 13-year veteran of Forstmann Little & Co., to lead the effort. Permira's premise for its U.S. expansion was to help its European-based companies expand here and, eventually, to start buying U.S.-based companies the firm thought it could expand globally. "We opened the New York office with definitely a 'walk before you ...
- KKR, TPG Capital Looking into Yahoo Stake
Reuters reported this weekend that buyout firms including Kohlberg Kravis Roberts & Co. and TPG Capital are mulling the purchase of a minority stake in Yahoo. The firms are reportedly looking to buy stakes of up to 20%. The firms have signed confidentiality agreements with Yahoo.