Bain Capital related stories
All articles and analysis
- LP corner, week of May 18, 2009
News briefs about CalPERS, South Carolina and San Bernardino
- Midweek M&A Madness
As the weather (slowly) warms up, plenty of M&A bankers are hoping the market for deals will as well. We've noticed a few more targets coming to market in recent weeks and have compiled a list of some of those we've come across. Our sources are various news reports and the Buyouts "Seeking Buyers" list. The following companies (among many, many others) are either formally considering "strategic alternatives," reported to be on the block, or rumored to be in sale talks. I can't be comprehensive, but I can try. Here is last week's list ../../../../../../39100/midweek-ma-madness/ send any additions my way mailto:erin.griffith@thomsonreuters.com Madison Square Garden: The arena's parent company, Cablevision, may spin off the unit as a result of shareholder pressure. Read more... http://www.bloomberg.com/apps/news?pid=20601103&sid=a1Nz0CL6VMKw&refer=us Exxon: The company may sell 800 Australian fuel outlets as part of a strategy shift away from fuel retailing, according to reports. Patriot Capital: The BDC is exploring strategic alternatives because one of its credit facilities was terminated after its collateral declined in value.
- A Limited Partner's Worst Fear
Any private equity investor facing cash constraints would have read this story http://www.reuters.com/article/businessNews/idUSTRE54B2JM20090512?feedType=RSS&feedName=businessNews from Reuters in complete horror. The article, from this morning, proudly declares that private equity is getting ready for its comeback. The so-called "haves" of the buyout world--the funds that raised money before raising money became impossible--are gearing up to put all that sidelined capital to work. "There are plenty of private equity firms with significant funds available to invest and a growing impatience to invest them," said Michael Berry, head of debt advisory firm Versatus. Once those firms start putting money to work, as we're already starting to see with deals like KKR's buyout of Oriental Brewery and CVC Capital's deal for iShares, industry pros expect there to be a period where investors shell out millions of dollars to fund capital calls but receive no distributions from exits.