Bain Capital related stories
All articles and analysis
Hines Joins Dunkin' Brands BoardMichael Hines has joined Dunkin' Brands board. He will also serve as chair of the audit committee. Dunkin’ Brands is owned by Bain Capital, the Carlyle Group and Thomas H. Lee Partners.
- Slideshow: Top 10 PE-Backed Companies Waiting To Go Public
Did broad market volatility last week slam shut the IPO window? It's not really clear. IPOs, in August, typically fall into a lull as much of Wall Street goes on vacation. Fourth quarter is usually the strongest time for new offerings. But August has been very slow. Eleven IPOs were pulled last week due to poor market conditions. Of these, four were PE-backed, according to Dealogic. Carbonite, last week, succeeded in going public (shares of the company rose nearly 24% ../../115294/carbonite-ipo-opens-gains-nearly-20/ ). Including Carbointe, only three deals have priced this month (SandRidge Permian Trust and American Capital Mortgage Investment Corp. are the other two). Only one other deal is on deck for August, Dealogic says. It's not clear what will happen to companies waiting to go pubic. There are 54 private equity-backed companies that have filed for IPOs this year, worth a combined $12.54 billion, Dealogic says. Last year at this time, we also had 54 PE-backed companies that registered for an offering, raising a combined $15.8 billion. This included HCA's $3.5 billion deal. The IPO window will likely open back up but it's not clear what companies will be able to go pubilc. Of course, just because a company files for an IPO doesn't necessarily mean it will go public. Many times, companies file and just sit in registration as they wait for the perfect time to IPO. Or, as they wait, they get sold. Here's a list of the top 10 PE-backed IPO's that are currently in registration, according to Dealogic.
- Bain, KKR Put in Final Bids for MYOB
Bain Capital and Kohlberg Kravis Roberts & Co. have put in their final bids for Australian software maker MYOB Lt., Reuters reported Monday. The company, which is owned by Archer Capital and HarbourVest Partners, could fetch more than $1 billion. Archer and HarbourVest paid about A$450 million for the company in 2008.
- Bain Capital, KKR in Running for MYOB
Bain Capital and Kohlberg Kravis Roberts & Co. are among the potential buyers for Australian software maker MYOB, Reuters reported. A sale of the company could fetch around $1 billion. MYOB is owned by Archer Capital and HarbourVest Partners, private equity investors that picked up the company in 2008 for roughly 450 million Australian dollars.
- Permira Adds Alan Chen to Lead China Biz
Permira is the latest private equity firm to beef up operations in China, naming former Goldman Sachs banker Alan Chen to lead its business in mainland China, Reuters reported. Chen was formerly an executive director at Goldman's special situations group. He will be based in Hong Kong. The firm plans to set up an office in mainland China after Chen comes on board.
- Fresenius Medical Care Spends $2.1B On Dialysis
Fresenius Medical Care is spending a combined $2.09 million to acquire private equity-backed Liberty Dialysis Holdings, and the smaller American Access Care Holdings, Reuters reported. Germany-based Fresenius will pay $1.7 billion for Liberty Dialysis, which is currently controlled by buyout firms KRG Capital Partners and Bain Capital. The deal includes about $1 billion in assumed debt. American Access Care Holdings, which operates 28 vascular access centers for preparing patients for dialysis, sold for $385 million, Reuters wrote.
Photo ShoppingA picture is worth a 1,000 words, but photo sharing startups are perhaps worth millions of dollars for interested VCs and potential acquirers
- Oberthur Auctioning off Smart Card Biz
France's Oberthur Technologies is auctioning off large chunks of its business to private equity bidders, Reuters reported, citing the Financial Times. Advent International and One Equity Partners are reportedly the two remaining bidders for a 60% stake in Oberthur's smart card business. The deal could be worth up to 600 million euros ($858 million), Reuters said.