Bain Capital related stories
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Clovr Inks $8.3M Led by Bain CapitalClovr has inked $8.3 million in new financing led by Bain Capital. Existing shareholders Kepha Ventures and Common Angels also participated in the round, as did angel investor Mark Wright. The Waltham, Mass.-based start-up provides online advertising in the form of credit card-linked offers.
- HCA Doesn't Look So Bad. Here's The Top 10 PE-backed IPOs
HCA, the hospital operator with a massive debt load, is expected to price its IPO tonight (they're offering 124 million shares at $27 to $30 each) and begin trading tomorrow. The $4.06 billion deal is expected to be the largest private equity backed offering EVER. In honor of this colossal event, peHUB.com has a slideshow of the top 10 largest U.S. PE-backed IPOs. The data is supplied by Thomson Reuters.
- Bain Capital Backs Hero Investments
Buyout shop Bain Capital and the Government of Singapore Investment Corp. will invest an undisclosed amount in Hero Investments, Reuters reported. The money will help fund Hero's $851 million acquisition of Honda Motors' 26% stake in its Indian joint venture. The funds will be used to retire a significant portion of debt raised for the deal, Reuters said.
- Top 10 peHUB Posts This Week
Want to catch up on what your colleagues found most interesting on peHUB this week? Here are our posts with the most pageviews from Feb. 28 to March 4. 1. How We Waste Time on Email https://admin.venturecapitaljournal.com/97080/how-we-waste-time-on-email/ – by Joanna Glasner, posted on Feb. 28. 2. Tweetfight: A Battle Over Boston Breaks Out https://admin.venturecapitaljournal.com/97067/tweetfight-a-battle-over-boston-breaks-out/ - by by Connie Loizos, posted on Feb. 28. 3. Greylock Is More Proof of an Internet Bubble https://admin.venturecapitaljournal.com/97249/greylock-is-more-proof-of-an-internet-bubble/ – by Mark Boslet, posted on March 1. 4. Bain Capital Ventures To Open Palo Alto Office This Summer https://admin.venturecapitaljournal.com/97381/bain-capital-ventures-to-open-palo-alto-office-this-summer/ - by Luisa Beltran, posted on March 2. 5. Highland, Charles River, Others Back New Incubator In Bold Move To Stay Relevant https://admin.venturecapitaljournal.com/97049/highland-charles-river-others-back-new-incubator-in-bold-move-to-stay-relevant/ – by Mark Boslet, posted on Feb. 28. 6. SAC Capital’s PE Unit Spinning Out Into New Firm https://admin.venturecapitaljournal.com/97086/sac-capitals-pe-unit-spinning-out-in-new-firm/ – by Luisa Beltran, posted on Feb. 28. 7. Tales from the Echo Chamber https://admin.venturecapitaljournal.com/97428/tales-from-the-echo-chamber/ - by Connie Loizos, posted on March 3. 8. Personal Trading of Shares by VCs on Secondary Exchanges Raises Concerns of Conflicts of Interest https://admin.venturecapitaljournal.com/97119/personal-trading-of-shares-by-vcs-on-secondary-exchanges-raises-concerns-of-conflicts-of-interest/ – by Jonathan Marino, March 1. 9. Two Years After Splitting From Lehman, Trilantic To Begin Fundraising Later in 2011 https://admin.venturecapitaljournal.com/97027/two-years-after-surviving-lehman-trilantic-to-begin-fundraising-later-in-2011/ – by Luisa Beltran, posted on Feb. 28. 10. ../../94763/david-stockman-rails-against-grotesque-incompetent-rogue-lawyers/ Debt Men Tell No Lies: Largest LBOs Remain on Shaky Ground https://admin.venturecapitaljournal.com/97477/debt-men-tell-no-lies-largest-lbos-remain-on-shaky-ground/ – by David Toll, posted on March 3.
- Is Savvis Finally Up for Sale? Tech Co. Said to Have Hired Qatalyst
Today's hot rumor has nothing to do with private equity. Well, at least not yet. I'm hearing that Savvis, the information tech services provider, has hired Qatalyst Partners, three sources say. Savvis, which denied in January http://www.reuters.com/article/2011/01/29/savvis-sale-idUSN2828226720110129 that it was in sales talks, is now in discussions with some anonymous parties, one person says. Another source says that Qatalyst's hiring isn't "definitive."
- Bain Capital Ventures To Open Palo Alto Office This Summer
Bain is heading back to the West Coast. But it’s not the global PE firm that’s returning but Bain Capital Ventures. BCV, which was formed in 2000 as the VC arm of Bain Capital, plans to open a Palo Alto office this summer, peHUB has learned. Ajay Agarwal, a Bain Capital Ventures MD, will be moving to Palo Alto to lead the office, I’m told. Several BCV associates will be relocating to the area.
- CriticalMass Launches at Cambridge Investment Center
CriticalMass, a dedicated workspace for start-ups, has launched at the Cambridge Innovation Center. CriticalMass is supported by several New England venture firms, including Bain Capital Ventures, Charles River Ventures, Flybridge Capital Partners, Highland Capital Partners and North Bridge Venture Partners.