Bain Capital related stories
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- Question of the Week: Is It the Role of PE Firms to Create Jobs?
Create your free online surveys http://www.surveymonkey.com/ with SurveyMonkey, the world's leading questionnaire tool. So Anderson Cooper did a little takedown of Mitt Romney on his CNN program on Tuesday. The former Massachusetts governor and co-founder of Bain Capital, now running for the Republican presidential nomination, had just rolled out his 160-page job plan http://mittromney.com/sites/default/files/BelieveInAmerica%E2%80%93MittRomney%E2%80%93PlanForJobsAndEconomicGrowth.pdf in advance of President Obama's own jobs-promoting speech http://www.reuters.com/article/2011/09/07/us-obama-jobs-idUSTRE78176520110907 planned for today before a joint session of Congress. Romney bills himself as a job creator, although he passes off his ...
- Astorg in Exclusive Talks for FCI Unit
French buyout shop Astorg Partners is in exclusive talks to buy the microconnections division of French electrical connectors maker FCI from Bain Capital. The $1 billion deal is backed by 355 million euros ($498.3 million) of debt, Reuters reported Thursday. Goldman Sachs, Nomura and Royal Bank of Canada have been instructed as bookrunners and mandated lead arrangers, Reuters wrote.
- HookLogic Seals $9.5M from Bain Capital
HookLogic has raised $9.5 million in its first institutional financing from Bain Capital Ventures. The company, which says it has been profitable for the past six years, sells software designed to help e-commerce retailers to incorporate relevant and profitable paid media programs within their online, mobile and social stores. The financing will be used to expand its business across the retail, travel and automotive sectors, the company said.
- Mark Peter Davis Joins High Peaks Venture Partners
Mark Peter Davis, co-founder of the social networking start-up Kohort and a former associate at DFJ Gotham, has joined High Peaks Venture Partners as venture partner. Davis announced the move on his blog, and said that while Kohort will remain his priority, that he is "excited to help HPVP dive into the NYC market." High Peaks was one of the investors in Kohort, a social network for groups.
- GlaxoSmithKline in Second Round Talks with PE Funds
GlaxoSmithKline is in second round talks with a group of private equity funds and strategic buyers interested in buying its non-core over-the-counter products, Reuters reported, citing the Financial Times. The sale could fetch as much as 1.5 billion pounds ($2.4 billion). Bain Capital, Blackstone and German pharmaceutical group Boehringer Ingelheim are reported to be in the bidding process.
Travel Sites Taking OffIt’s too early for the latest crop of online travel sites to ponder an exit, but there will be plenty of destinations for them to choose from if recent transactions are any indication