Bain Capital related stories
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Will A PE Firm Fly Away with Air Medical?Another day, another healthcare deal. But this time I also get to write about helicopters. Brockway Moran & Partners and MVP Ventures have put Air Medical Group up for sale, sources say. Air Medical, which flies people in need of critical care to hospitals or medical centers, is a combination of several companies that the PE firms began buying in 2004. Buyout shops are mainly vying for Air Medical, with Bloomberg reporting http://www.bloomberg.com/news/2010-08-09/warburg-bain-said-to-bid-for-air-medical-as-owners-seek-about-1-billion.html that Bain Capital and Warburg Pincus are among the bidders.
- peHUB Second Opinion
Google and Games: Google, which hasn’t made much headway in social networking, is looking to use http://gigaom.com/2010/08/09/will-games-help-google-figure-out-how-to-be-social/ games like Slide and Jambool to compete in the sector. BP Invests $3 Bln: British Petroleum, which is receiving much nicer press now, has made an initial $3 billion http://online.wsj.com/article/SB10001424052748704388504575419281620436778.html?mod=rss_whats_news_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7011+%28WSJ.com%3A+What%27s+News+US%29&utm_content=Google+Reader deposit into the $20 billion spill recovery fund. Web Proposal: Google and Verizon called on legislators to enact laws http://online.wsj.com/article/SB10001424052748704388504575419542307824622.html?mod=rss_whats_news_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7011+%28WSJ.com%3A+What%27s+News+US%29&utm_content=Google+Reader to prevent Internet carriers from blocking web sites or selectively delaying access to content common on the Internet. Big Tummies and Death: Men and women with more fat on their waistline have a higher risk of dying http://www.businessweek.com/news/2010-08-09/larger-waists-linked-to-higher-risk-of-dying-research-finds.html So put down that doughnut. Making Drugs Legal: Vincente Fernandez, Mexicos' ex-president, said that country should legalize drugs http://www.businessweek.com/news/2010-08-09/mexico-ex-president-fox-calls-for-drug-legalization.html to stop the rising cartel violence. Another Health Auction: Air Medical is receiving bids http://www.businessweek.com/news/2010-08-09/warburg-bain-said-to-bid-for-1-billion-air-medical-company.html from Bain Capital and Warburg Pincus. Detroit Pistons Bid: Michael Ilitch, who owns the Little Ceasars Pizza chain as well as professional baseball and ice hockey teams, wants to buy http://www.reuters.com/article/idUSTRE6783B420100809?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FdealsNews+%28News+%2F+US+%2F+Deals+News%29&utm_content=Google+Reader the Detroit Pistons basketball team. Wash AG Settlement: Washington Attorney General is expected to announce Tuesday a settlement with an Internet company. TechCrunch hopes its Intellius http://techcrunch.com/2010/08/09/washington-attorney-general-settlement-announcement-tomorrow-lets-hope-its-intelius/
- Pioneer Generates Interest Among European Banks
UniCredit Group’s possible sale of Pioneer Investments is getting some interest from European banks and asset managers, according to press reports. Possible suitors include Natixis, BNP Paribas, Soceite General and Amundi, the asset management joint venture owned by SocGen and Credit Agricole. Laurent Mignon, Natixis CEO, told our friends at Reuters that a deal “would only make sense in the form of a long-lasting sales partnership."
- RBS Announces WorldPay Sale
Advent International and Bain Capital have agreed to acquire the WorldPay payment processing business of RBS. The enterprise value is up to £2.025bn including a £200m contingent consideration.RBS will retain a 19.9% stake in the newly-independent business.
- Scientific Games Buys VC-Backed GameLogic
Scientific Games Corp. (Nasdaq: SGMS) has acquired GameLogic Inc., a Waltham, Mass.-based provider of solutions that help casino operators enchance customer relationships and attract new players. No financial terms were disclosed. GameLogic had raised around $28 million from Bain Capital Ventures, General Catalyst Partners and Maveron.