Bain Capital related stories
All articles and analysis
peHUB Wire: Tuesday, October 20, 2009This is Erin filling in for Dan while he’s moderating panels at the Quebec City Conference
- Dollarama Sets IPO Terms
(Reuters) - Canadian retailer Dollarama Inc (DOL.TO), backed by private equity firm Bain Capital, priced its initial public offering of 17.14 million shares at C$17.50 ($16.60) a share, on the Toronto Stock Exchange. The offering, which is expected to generate proceeds of about C$300 million for the Montreal-based company, will be used to repay its outstanding debt, including its 8.875 percent senior subordinated notes due 2012, the term loan A facility and notes owed to certain shareholders. The underwriters for the IPO, which include RBC Capital Markets, CIBC World Markets Inc, and Credit Suisse Securities (Canada) Inc, have scheduled the closing of the offering
- peHUB Wire: Friday, October 9, 2009
Friday Feedback
- peHUB Wire: Friday, October 9, 2009
Friday Feedback
- peHUB First Read
* Andrew Lo: When the wisdom of crowds becomes the madness of mobs http://www.ft.com/cms/s/0/43be59a0-add5-11de-87e7-00144feabdc0.html * The fall of Simmons Bedding Co. http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=1&dbk under the ownership of THL Partners, which actually made back its initial investment (and then some) via a dividend recap several years ago. These dividend recaps are a tricky thing: One the one hand, they made money for PE fund limited partners (who are a PE firm's primary clients). On the other, they cannibalized the actual portfolio company -- thus reducing the likelihood of high multiple ROI and increasing the likelihood of layoffs, bankruptcy, etc. As Steve Schwarzman once said, they were about taking the risk out of what was supposed to be a "high-risk" asset class. The question now is if PE pros have been chastened by the aftermath? My sense is that they have not. * Morning Call: U.S. futures point higher http://www.reuters.com/article/usMktRpt/idUSL564832920091005 London flattens http://www.reuters.com/article/londonMktRpt/idUSL562754120091005 European shares rise on banks and miners http://www.reuters.com/article/eurMktRpt/idUSL565804620091005 the Nikkei hits 11-week closing low http://www.reuters.com/article/tokyoMktRpt/idUSTKW00660120091005 and Hong Kong rises 0.3% http://www.reuters.com/article/hongkongMktRpt/idUSHKG11309320091005 * Another private equity connection http://blogs.wsj.com/privateequity/2009/10/02/another-pe-connection-in-the-race-to-succeed-ted-kennedy/ in the race to suceed Ted Kennedy, and this one has nothing to do with Steve Pagliuca or Bain Capital. * Boston University and MIT stand to reap huge rewards from the IPO of battery-maker A123 http://www.xconomy.com/boston/2009/10/02/a123systems-ipo-could-bring-10m-plus-windfall-for-boston-university-sources-say-mit%E2%80%99s-stake-likely-not-too-shabby-either/ * John Thain does Q&A at Wharton http://knowledge.wharton.upenn.edu/article.cfm?articleid=2343 : "It's unfortunate that the American dream has been demonized." No mention of the obvious collorary: "It's unfortunate that so many on Wall Street were demons."
- PE influence in nation's capital rising
Stephen Pagliuca from Bain Capital throwing his hat in the ring is just the most recent example
- peHUB Wire: Monday, October 5, 2009
The Future of Private Equity