Bain Capital related stories
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Wellington taps LinkedIn co-founder to expand US presenceThe European venture firm has hired Eric Ly to enhance its Silicon Valley network as the love affair between the venture community and social networking websites continues.
- $6bn Penn National takeover collapses
Casino operator Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress- and Centerbridge-led deal was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
- Report: Huawei shortlists five potential buyers
Five US private equity firms reportedly remain in the running to acquire a stake in the mobile business unit of China’s Huawei Technologies
- Blackstone, Bain and NBC pick up Weather Channel
The consortium will contribute roughly equal portions of equity for the Atlanta-based cable network, valued at roughly $3.5 billion. NBC will try to integrate the network's television and online properties into its own media platforms.
- DIC hires Morgan Stanley Private Equity co-founder
Dubai International Capital has hired David Smoot to expand its private equity operations in North America. He brings with him a wealth of experience in investment banking, from advisory mandates to principal investing.
- Social networking continues to lure venture capital
LinkedIn, SodaHead, Twitter and I’m In Like With You are among the most recent companies to receive backing in the increasingly crowded social networking sector.
- Report: Carlyle nears £400m deal for De La Rue division
The buyout firm is reportedly weeks away from closing a deal for De La Rue’s cash systems division, whose products include ATMs, cash counting machines and related software.
- CVC to pay €2.4bn for German chemicals
The European buyout firm is set to take a 25% stake in Evonik, a German state-backed conglomerate that also reportedly interested US mega-firms KKR, Bain and Blackstone.
- Bain deal values LinkedIn at $1bn
Bain Capital has led a $53m funding round for social networking site LinkedIn in return for a 5 percent stake.
- Fidelity boosts buyout team with 10-year Bain veteran
Ian Blasco will help the mid-market firm deploy its debut fund, closed last year on $500m.