Bain Capital related stories
All articles and analysis
- Clear Channel Promotes Pittman to Top Post
Clear Channel Media Holdings has named Bob Pittman to the position of chief executive officer, Reuters reported. Pittman has served as chairman of the company’s media and entertainment platforms since November 2010. He is also a member of the New York-based investment firm Pilot Group, Reuters wrote. Clear Channel was bought three years ago by Bain Capital and THL Partners, and has struggled with mounting debt. Pittman reportedly invested $5 million of his own money into Clear Channel in 2010.
- People Briefs, October 2011
Hires, promotions and other personnel changes at Khosla, GSR Ventures, Claremont Creek and others firms
- Avio Talks Stalled Over Price
Talks between buyout shop Cinven and suitors for Italian aerospace company Avio have stalled over price and political concerns about selling to an international buyer, Reuters reported. Avio provides engine parts for the Eurofighter Typhoon and supplies parts to General Electric and Rolls Royce, Reuters wrote. Avio could reportedly fetch more than 3 billion euro ($4.1 billion). Cinven has held discussions with several potential buyers, including Bain Capital, CVC and Clayton Dubilier & Rice.
- Bain, Carlyle Eye TI Automotive
Bain Capital and the Carlyle Group are among those bidding for auto parts supplier TI Automotive, Reuters reported Friday. The company, which expects final bids sometime in October, could fetch roughly $1.5 billion. Pamplona Capital Management, a London-based buyout firm, is also reportedly involved in the auction.
- Astorg Partners to Buy FCI Unit from Bain
Astorg Partners, the French private equity shop, is planning to buy the microconnections unit of French electrical connectors maker FCI from Bain Capital, Reuters reported Wednesday. Astorg will reportedly finance the deal with 320 million euros ($436 million) in debt. The firm did not disclose the purchase price for the business unit.
- Applied Systems Adds French as CEO
Applied Systems, the provider of insurance software and services, will add Reid French as its new CEO, the company announced. French also joins the company’s board of directors. Applied Systems is backed by Bain Capital.