Bain Capital related stories
All articles and analysis
Hatching StartupsModern incubators are multiplying and venture investment strategies may need to change
- Slideshow: Top 10 Largest First Rounds for Internet Companies this Year
Forty-one million dollars for an Internet company. That’s what Sequoia Capital, Bain Capital Ventures and Silicon Valley Bank invested in Color /99609/sequoia-puts-up-61-of-41m-round-for-photo-based-social-network-color/ which makes a social networking application that lets users share photos with their smartphones. It’s an astonishing number. Financial blogger Paul Kedrosky tweeted: “Sequoia, et al gives pre-launch photo-sharing startup $41m, or ‘more than money than they gave Google’. That sound? Jaw hitting floor.” I did some checking in Thomson Reuters’ VC deals database and as far as I can tell, the Color deal is the largest first round for an early stage Internet service, software or content company this year and the third largest
- Which Buyout-backed IPO in 2010 Is the Best Performer? CORRECTED
Initial public offerings by U.S.-based buyout shops so far this year include some heavy hitters, but how are the portfolio companies that went public in 2010 doing? The table below looks at 10 with the highest returns through Friday. As of March 18, 2011, Oasis Petroleum Inc. has performed the best of the class of 2010 based on the increase in its stock price. Its shares are trading 52.96 112.57 percent higher compared with its IPO price. EnCap Investments LP’s Oasis Petroleum went public on June 17. It raised $588 million through the sale of 42 million for $14 a share. The Houston-based oil and gas explorer and producer ended Friday at $27.76.
- Skylark Buyout On Hold Due to Japan Quake
Banks have put the $3.4 billion buyout of Japanese restaurant chain Skylark on hold, unwilling to underwrite the deal during the immediate aftermath of Japan’s earthquake, Reuters reported. Private equity firm Bain Capital is in exclusive talks to buy the restaurant chain from Nomura Holdings Inc., Reuters said. The deal, if completed, would become one of the largest private equity buyouts of a Japanese company.
- Is Trying to Show That PE Creates Jobs a Wasted Effort?
With battles over taxes and registration still looming in Congress, and with pot shots still being flung at PE by journalists, union leaders and others, the Association For Corporate Growth has decided to show naysayers that buyout firms can be a source of job creation and economic good for the country. A waste of time? I’d argue it is. Most buyout firms are first and foremost about generating high returns for investors through the buying and selling of cash-flow-positive companies. (Imagine a GP in a road show pitch: “So Ms. LP, how about we skip over the investment multiple and net IRR and just get right to the jobs growth!”) Job creation is often the happy consequence of the LBO strategy; the times when it’s not will continue to provide fodder for industry critics.
- Bain in Talks to Buy Japanese Restaurant Chain
Private equity firm Bain Capital is in final talks to buy Japanese restaurant chain Skylark Co. from Nomura Holdings Inc., Reuters reported. The deal was estimated at 280 billion yen ($3.4 billion), including debt. Nomura Principal Finance – Nomura’s buyout unit –invested in Skylark in 2006 through a management buyout with UK-based private equity firm CVC Capital Partners. It currently holds a 77.8% stake in the restaurant chain along with other investors, Reuters wrote.