Bain Capital related stories
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Advent hires ICICI Venture pro for IndiaShweta Jalan has joined Advent's fledgling Indian operations. The hire follows six additions to its operating partner programme in the past three weeks.
- GIC names heads of Europe, Americas
The Singaporean sovereign fund continues its management overhaul, appointing Lim Chow Kiat and Anthony Lim Weng Kin as respective regional heads.
- KKR writes to ‘nil’ some $4bn in equity
While the equity in Capmark Financial and ProSiebenSat is valued at or near zero, the mega-firm wrote up several investments, including IPO-bound Dollar General.
- Palamon’s ReD makes £50m sale
The card services business, which was acquired by Palamon in a 2006 take-private, has sold its UK and Irish fuel payment divisions to another private equity-backed company.
- 3i eyes HeidelbergCement assets
The UK-based firm may bid for the company's Malaysian assets, estimated to be worth more than $200m. Others reportedly interested include Bain and CVC.
- Report: Bain, Carlyle, MBK and Primus shortlisted for AIG unit
Carlyle and Bain are reportedly in talks with separate local financial services companies to submit joint bids for Nan Shan Life.
- Advent builds Indian presence
P. Jayendra Nayak has joined the firm’s operating partner programme as it works towards the opening of an Indian office in 2010.
- Fortress, Centerbridge $6bn Penn National takeover collapses
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
- Report: Bain has China tea deal brewing
Less than a month after it invested in GOME, the buyout firm is reportedly in exclusive talks to invest up to $50m for a minority stake in Beijing Outsell Health Product Development. The company makes tea as well as cosmetics including weight loss products.
- Former Citi CFO joins Huntsman Gay
The Salt Lake City, Utah-based private equity firm has hired Gary Crittenden - former chairmen of Citi Holdings - as a managing director. The firm has collected $1.2bn for its debut fund.