Bain Capital related stories
All articles and analysis
SkillSoft Goes Private for $1.2 BillionAdvent International, Bain Capital and Berkshire Partners have completed their $1.2 billion take-private acquisition of SkillSoft PLC, a provider of SaaS e-learning and performance support solutions.
- peHUB Wire: Thursday, May 27, 2010
Random Ramblings
- peHUB Wire: Thursday, May 27, 2010
Random Ramblings
- Bain Capital Just Can't Win
I don't usually feel sorry for Bain Capital. Then again, I'm not usually sweating in the middle of May. Guess there's a first time for everything... Private Equity Insider today reports that investors in Bain's tenth buyout fund are "grumbling" about the firm's slow pace of capital deployment. From its story: They’re especially irate about a recent lack of activity from the $10 billion vehicle, Bain Capital Fund 10. In January 2009, six months after the vehicle’s final close, Bain sent a letter to limited partners stating that it was “well-positioned to benefit from the dislocation in the credit markets.” At the time, the fund was 27% deployed and Bain’s declaration seemed to indicate that the Boston firm would increasingly draw on investor commitments. But since then, it has deployed only $800 million more — leaving the vehicle a mere 35% drawn almost two years after wrapping up marketing. First, a few factual points: (1) The fund is actually $10.8 billion, not including a related co-investment vehicle; (2) The fund closed in February 2008; (3) The fund today is around 37% committed, including for the SkillSoft (closed today) and Dow Styron ($700m equity check, closing by end of June) deals.
- KKR TO Underwrite IPO of Portfolio Company NXP
NEW YORK (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co. is planning to help underwrite the initial public offering of Dutch-based NXP Semiconductors, according to an updated regulatory filing on Monday. KKR is unusual among private equity firms in underwriting flotations. The private equity giant has had a capital markets team since 2007 and struck a deal last June with mutual fund giant Fidelity Investments to sell shares in IPOs to retail customers.
- Firms launch health care-focused trade group
Healthcare Private Equity Association is believed the first PE group based on an industry sector
- Blip.tv Raises $10.1 Million
Blip.tv, a New York-based platform for distribution and monetization of niche web video, has raised $10.1 million in third-round VC funding. Canaan Partners led the deal, and was joined by return backer Bain Capital Ventures. The company previously raised over $5 million.
- Golden Gate companies press ahead with IPOs as founder departs
Jesse Rogers announced late last month his retirement plans