Bain Capital related stories
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Bain, Clayton Dubilier In Running for Emergency MedicalPrivate equity firms Bain Capital and Clayton Dubilier & Rice are among the final bidders for Emergency Medical Services, Reuters reported. It is not clear when final bids for the company are due, Reuters said. Emergency Medical Services provides healthcare transportation through its American Medical Response Inc unit, and provides physician services through its EmCare Holdings business, Reuters wrote.
- China's Bright Food Has Highest Bid for Yoplait
Chinese company Bright Food presented the highest bid for a 50% stake in Yogurt maker Yoplait, which is currently owned by private equity firm PAI Partners, Reuters reported, citing a report in the French newspaper Le Figaro. Bright Food valued the French yogurt company at roughly $2.3 billion. Yoplait is half-owned by PAI Partners and French farming cooperative Sodiaal. PAI hired banks in September to help it exit the investment, Reuters said.
- PAI Partners Gets Nine Bids for Yoplait Stake
Private equity firm PAI Partners has received nine bids for its 50% stake in yogurt company Yoplait, Reuters reported, citing an article in French newspaper Journal du Dimanche. U.S. foodmaker General Mills and Switzerland's Nestle are among the bidders. Yoplait, the world's second-biggest yogurt maker, is half owned by PAI Partners and farming cooperative Sodiaal. PAI hired banks in September to find buyers for its stake, Reuters wrote.
- Chan Joins Ropes & Gray
Geoffrey Chan has joined Ropes & Gray as a partner in the private investment funds group. Chan's addition supports Ropes & Gray's efforts to open an office in Shanghai, a statement said.
- Bain Capital Buys Stake in Hero Honda
Private equity shop Bain Capital and the Government of Singapore Investment Corp. are close to buying a minority stake in Mumbai-based motorcycle maker Hero Honda, Reuters reported, citing an article in the Financial Times. The deal could be valued as high as $1.75 billion, Reuters said.
- Sara Lee Rejects Buyout Offer
Food company Sara Lee Corp. has rejected a buyout offer from private equity firms Apollo Management, Bain Capital and TPG Capital, Reuters reported, citing a story in the New York Post. The buyout shops reportedly made an offer of $18 per share, which Sara Lee considered too low.
- Carlyle To Take AlpInvest in Management Buyout
Dutch private equity firm AlpInvest Partners will be bought by a joint venture between the Carlyle Group and AlpInvest’s management, Reuters reported. Financial terms were not released. Two Dutch pension managers, APG and PGGM, are selling their stakes in AlpInvest, but will continue to commit funds to the group, Reuters said. AlpInvest has more than 40 billion euros in funds and commitments.
- AXA Private Equity To Buy Novacap from Bain Capital
AXA Private Equity SA agreed to acquire a majority stake in Novacap SAS in a transaction that puts the Lyon, France-based chemicals company’s enterprise value at about EUR240 million. The seller is Boston, Mass.-based Bain Capital LLC. The transaction has the support of Novacap’s management team, which is headed by CEO Pierre Luzeau.