Bain Capital related stories
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- IPO Profiles from May 2011
Profiles of 11 VC-backed companies that debuted in May 2011, including The Active Network and Renren
- Dynamics Seals $35M Series B
Dynamics Inc., a developer of payment cards and systems, has closed on $35 million in new financing. Bain Capital Ventures led the Series B round, which will help the company bolster its team and production capacity. The company is also backed by Adams Capital Management.
- Dollarama Backer Exits in $301M Deal
Canada's Dollarama Inc.’s largest shareholder will exit the company, selling its stake to an unidentified financial institution for $301 million, Reuters reported. Bain Dollarama, which is indirectly owned by private equity firm Bain Capital, will sell its 9.2 million shares for C$32.50 each, a slight discount on the company’s closing price Monday. Bain Dollarama's stake represented 12.4% of Dollarama's about 73.65 million outstanding shares, Reuters said.
- Slideshow: Top 10 PE-backed Deals This Year
Worldwide M&A increased 40% to $1.4 trillion for global announced transactions, according to data from Thomson Reuters. Surprisingly, second quarter's results showed a slow down. Second quarter announced M&A dropped 22% to $611 billion from Q1's $791 billion, Thomson Reuters said. Buyouts were more positive. Globally, PE-backed M&A hit $112.2 billion during the first half of this year, a 40% boost from the same time period in 2010. U.S. targets accounted for 41% of first half activity, Thomson Reuters said. There's been a lot of talk about when large LBOs will return. We have yet to see a $10 billion-plus deal hit the market. We did get close, though (you have to look at the list to find out). So what was were the largest buyouts this year? Here's a ranking of the top 10 PE-backed transactions so far in 2011, according to Thomson Reuters.
- Bain, Hellman & Friedman Buy Securitas Direct
Private equity firms Bain Capital and Hellman & Friedman have agreed to buy Swedish alarm company Securitas Direct from Swedish buyout firm EQT, Reuters reported. The deal reportedly values the business at about 20 billion Swedish Kronor ($3.1 billion). Bain and Hellman & Friedman beat out a rival consortium of Stanley Black & Decker and Carlyle Group in the deal. Terms of the acquisition were not released.