Bain Capital related stories
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- peHUB Wire: Thursday, April 23, 2009
Dear Comptroller DiNapoli: Thanks for Trying, But…
- peHUB Wire: Thursday, April 23, 2009
Dear Comptroller DiNapoli: Thanks for Trying, But…
- Spectrum & Bain Buying SurveyMonkey
Spectrum Equity Investors and Bain Capital Ventures have agreed to acquire a majority interest in SurveyMonkey, a Portland, Ore.-based provider of of online survey solutions. No pricing terms were disclosed for the deal, which included leveraged financing from Bank of America, CIT and NewStar Financial. Dave Goldberg will take over as CEO, after having spent the past two years as an entrepreneur-in-residence with Benchmark Capital.
- Weekly Downgrade Wrap-Up
As usual, we have a week's worth of downgrades on the debt of private equity-backed companies from Standard and Poor's and Moody's. (Reminder: We'd call it an upgrade wrap-up if the ratings agencies ever issued on. In eight weeks of doing this column, we've seen one.) This week there are eight, including an unsolicited rating, which we welcome as a step in the right direction for the previously "censored" ratings agencies. Besides, as we pointed out last week, too many companies are asking the agencies to withdraw their ratings just because they don't like getting downgraded. Bain Capital and GS Capital were this week's repeat offenders. Company: Harman International Industries Sponsor: GS Capital and KKR Downgrade: Moody's lowered the comapany's corporate family and probability of default ratings to B1 from Ba2. Highlights: "The B1 Corporate Family Rating reflects further expected deterioration of Harman's operating performance and resulting credit metrics over the intermediate term from the significant reductions in demand for the company's products."
- peHUB Wire: Wednesday, April 15, 2009
Wednesday Warblings
- peHUB Wire: Wednesday, April 15, 2009
Wednesday Warblings