Bain Capital related stories
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- DIY Debt
Seems the best way to get a deal done these days is to Do It Yourself. And by “It,” I mean the financing. Instead of relying on lenders or co-investors, firms are “in-sourcing” their deal finance. What better way to avoid dreaded contingencies, which these days, is a four letter word to the ears of sellers. Just look at the recent fundraisings of Sterling Partners and Insight Equity /18154/insight-equity-raising-500-million/ Both firms raised side funds (one a co-invest, one a mezzanine) for the sole purpose of financing their own deals. It’s got the same flavor as the attractive one-stop shop lending we’ve seen from the likes of American Capital, GE and Allied’s Unitranche Fund, etc.
- Done deals, week of Sept. 22, 2008
Deals are disclosed transactions from Sept. 10 to Sept. 17, based on Thomson Reuters data
Wall Street Crisis Squeezes Buyout MarketThe buyout market is facing a big test in the weeks ahead as the historic liquidity crisis on Wall Street threatens to deepen the credit crunch and deflate the fortunes of portfolio companies.
- Report: Lehman IM Deal Imminent
Bloomberg is reporting http://www.bloomberg.com/apps/news?pid=20601087&sid=abXPT6fWiP1k&dbk that Bain Capital and Hellman & Friedman are working together on a deal for Lehman Brothers' investment management business, with an announcement to come as early as today. Each firm last week submitted separate bids of around $4 billion for the unit, which manages over $270 billion in assets. This includes Lehman's $35 billion private equity program, which includes buyout funds, venture capital funds, funds-of-funds and fund placement.