Bain Capital related stories
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GlaxoSmithKline Wants Second Round Bids by Mid-NovGlaxoSmithKline is hoping to receive second round bids for a clutch of its non-prescription drugs by mid-November, Reuters reported Wednesday. Bain Capital and Blackstone, which has partnered with Prestige Brands, are seen as the front-runners and most likely participants for the second round of the sale, Reuters wrote.
- KKR Plans $6B Pan-Asia Fund
Kohlberg Kravis Roberts & Co. is planning to launch a new pan-Asia fund to raise as much as $6 billion in the first quarter of 2012, Reuters reported. KKR is not as far progressed with its plans as TPG Capital, which set a mid-October launch date for its Asia fund of up to $5 billion, or Bain Capital, which is already raising a new Asia fund of at least $2 billion. KKR's existing Asia fund is among the largest ever raised by a private equity firm for the region, along with a $4.12 billion fund raised by CVC Capital Partners Asia in 2008, and TPG's $4.25 billion TPG Capital Partners V fund raised in 2008, data provider Preqin says.
- Advantage, Bain, Olympus Shortlisted for Yayoi
Buyout shops Advantage Partners, Bain Capital and Olympus Capital have been shortlisted as bidders for for Japanese software developer Yayoi, Reuters reported Friday. The company, which is owned by MBK Partners, could fetch more than $650 million. Kohlberg Kravis Roberts, which also placed a bid, is not among second-round bidders, Reuters wrote.
- Bain Buying Skylark for $2.1B
In Japan's largest buyout since the financial crisis, Bain Capital announced that it will pay $2.1 billion to buy restaurant chain Skylark from Nomura Holdings and other investors, Reuters reported. Nomura Principal, the private equity unit of Nomura, originally invested in Skylark in 2006 through a management buyout with UK private equity firm CVC Capital Partners.
- No Cross Talk Provision Irks Yahoo Bidders
Potential buyers of Yahoo Inc are balking at the Internet company's demands for confidentiality that would prevent them from discussing joint bids, Reuters wrote.
- EcoSense Lighting Seals $13M
EcoSense Lighting has raised $13 million in Series B financing. Bain Capital Ventures led the round for EcoSense, which develops LED lighting for commercial, industrial and residential use.
