Bain Capital related stories
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- PE-Backed Dunkin Brands Picks Bookrunners
Donut and coffee company Dunkin Brands, which is owned by which is owned by the Carlyle Group, Bain Capital and Thomas H. Lee Partners, has named bookrunners for its planned IPO, Reuters reported. Barclays, JPMorgan and Morgan Stanley were named as active bookrunners, and Bank of America and Goldman Sachs as passive bookrunners. The company plans its IPO for sometime this summer, Reuters said.
- KKR Backs Out of Polkomtel Sale
Buyout shop Kohlberg Kravis Roberts & Co. has backed out of the race for Polish mobile operator Polkomtel, Reuters reported. The company is expected to be valued at up to 18 billion zlotys ($6.6 billion). Last month Polkomtel shortlisted seven bidders, including private equity firms Apax Partners, Providence Equity Partners, Bain Capital and KKR.
- PE Lawyer Marcia Ellis Joins Ropes & Gray
Private equity attorney Marcia Ellis has joined Ropes & Gray as a partner based in Hong Kong. Ellis joins from D. E. Shaw & Co., where she was its Hong Kong-based chief legal officer for all of Asia. In her former role, Ellis assisted the firm with making, restructuring and exiting investments throughout Asia, including a number of investments in China and India.
- VIDEO: In PE World, Is $5 Billion the New $30 Billion?
Bigger and bolder buyouts are indeed likely to materialize, but three senior PE executives told Reuters Insider not to look out for any multibillion dollar megadeals anytime soon. Garrett Moran, Blackstone's chief operating officer, John Coyle, a partner at Permira, and Steve Zide, managing director at Bain Capital, discussed the deal landscape with Reuters Insider's Jen Rogers. In the discussion, they answered some key questions: With so much cash committed to PE firms and on corporate balance sheets, is there a bidding war on the horizon between strategics and the private equity industry? And will takeover targets be lining up anytime soon to sell their firms at prices that PE firms expect? And finally, were the huge deals we saw in 2005 and 2006 an anomaly, and what kinds of deals now qualify as "big deals" these days anyway?
- PE-Backed NXP Semiconductors in Talks with Intel, Qualcomm
Dutch chip maker NXP Semiconductors is in takeover talks with Intel, Qualcomm and Broadcom, Reuters reported, citing an article by Dutch paper De Telegraaf. NXP was bought out by private equity investors, including Kohlberg Kravis Roberts & Co., Bain Capital, Silver Lake, Apax Partners and AlpInvest in 2006. The firm was partly listed by its private equity owners in August 2010.
- Liazon Corporation Seals $12.6M
Liazon Corporation, a provider of technology to help businesses manage employee benefit programs, has raised $12.6 million from investors including Bain Capital Ventures, Ingleside Investors and Rand Capital. The company will use the new capital to expand it sales and marketing efforts, and for continued development. Formed in 2007, Liazon Corp. is based in New York City and Buffalo, New York.
- Ropes & Gray Hires Will Rosen; Bill Mone To Transfer To London From Boston
Ropes & Gray hired Will Rosen to strengthen the firm’s London practice. Rosen previously worked for DLA Piper in London. He was a partner in DLA’s corporate group and head of private equity, EMEA. Rosen is expected to join the practice in mid-2011. In addition, Ropes & Gray’s private equity partner Bill Mone will transfer to London from its Boston office in August.
- Ropes & Gray Hires Will Rosen; Bill Mone To Transfer To London From Boston
Ropes & Gray hired Will Rosen to strengthen the firm’s London practice. Rosen previously worked for DLA Piper in London. He was a partner in DLA’s corporate group and head of private equity, EMEA. Rosen is expected to join the practice in mid-2011. In addition, Ropes & Gray’s private equity partner Bill Mone will transfer to London from its Boston office in August.