Bain Capital related stories
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- BuyWithMe Releases Deal Details
BuyWithMe.com, a New York-based developer of marketing solutions using group buying mechanisms and leveraging social media, announced that Bain Capital Ventures has led its recent $16 million Series B round. Existing investor Matrix Partners also participated. peHUB had previously reported on the round /76365/buywithme-raises-16-million/ based on a regulatory filing.
- EDGAR Online To Buy UBmatrix
EDGAR Online Inc. (Nasdaq: EDGR) has agreed to acquire UBmatrix Inc., a provider of XBRL-based software solutions for global organizations and enterprises. EDGAR Online shareholders include Bain Capital Ventures, while privately-held UBmatrix backers include Draper Fisher Jurvetson and the Meteor Group. The deal is valued at around $7.6 million in stock, including an agreement by UBmatrix shareholders to invest an additional $2 million into the combined company.
- Who Will Win The Battle for RBS WorldPay?
There's still a few more salvos to go in the $3.5 billion battle for RBS WorldPay, but a banking source tells peHUB that Advent International and Bain Capital could have the upper hand. The auction, run by UBS, has attracted interest from numerous players, including Permira, Welsh Carson Anderson & Stowe, American Express and Moneris Solutions. But most suitors have since moved on, leaving the final showdown between two PE firm pairings: Advent with Bain, and TPG Capital with Clayton Dubilier & Rice. RBS will ultimately choose based on price, but give Advent-Bain an edge if the offers are close. In 2009, Advent paid $561 million to acquire a 51% stake in the payment processing business of Fifth Third Bancorp. That unit processes over $292 billion in debt and credit card sales, and our source says: "RBS will take comfort in fact that Advent did this successfully with Fifth Third last year and they’re just trying to redo same structure."
- peHUB Wire: Friday, June 18, 2010
Random Ramblings
- peHUB Wire: Friday, June 18, 2010
Random Ramblings