Bain Capital related stories
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Bain Capital says to meet media on Thursday to discuss Toshiba chip deal: ReutersU.S. buyout firm Bain Capital, which leads a consortium that last week signed an $18 billion deal with Toshiba Corp to buy its chip unit, said it will hold a news conference at 3 pm JST (0600 GMT) on Thursday to discuss the deal, Reuters reported.
- Bain aims to buy Japan ad agency Asatsu-DK in $1.2 billion deal: Reuters
U.S. private equity firm Bain Capital plans to buy Japanese advertising agency Asatsu-DK Inc (9747.T http://www.reuters.com/finance/stocks/overview?symbol=9747.T ) in a deal that could be worth $1.2 billion or more, Reuters reported.
- Hawkins joins Navicure-ZirMed as CEO
Matthew Hawkins has been named CEO of the newly merged healthcare revenue cycle management companies Navicure and ZirMed. Previously, he worked at Sunquest Information Systems. Navicure is a portfolio company of Bain Capital Private Equity while ZirMed was backed by Sequoia Capital.
Inside a long-term fundBain Capital spin-out Core Equity Holdings on its €1bn debut long-term fund and why the traditional PE model is set for an overhaul.
Bain Capital, Beaudier, CDPQ to sell $498.5 mln in BDP sharesBeaudier Inc, U.S. private equity firm Bain Capital and Caisse de dépôt et placement du Québec (CDPQ) have agreed to sell as much as 11.5 million subordinate voting shares of BRP Inc (TSX: DOO), a Valcourt, Québec-based maker of powersports vehicles and propulsion systems. The secondary deal, priced at $43.35 per share, will generate proceeds to the selling shareholders of up to $498.5 million. With the offering's close, all three investors will continue to hold stakes in the company. BRP was acquired by the family-owned Beaudier, Bain and CDPQ in 2003. The company went public in 2013.
PE HUB First ReadFirst Read begins the day with news that private trades in Spotify now value the company at about $16 billion, the SEC drops fraud charges against Lynn Tilton, and Hugh Hefner has passed away.
- SK Hynix set to invest in Toshiba chip unit, details consortium's plans: Reuters
South Korea’s SK Hynix Inc (000660.KS) said on Wednesday its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp’s (6502.T) memory chip unit for 2 trillion yen ($17.7 billion), Reuters reported.
- Blackstone and Fireside acquire IMC
Blackstone and Fireside Investments have acquired Las Vegas-based International Market Centers Inc, an owner and operator of showroom space for the furnishings, home decor and gift industries. The sellers were Bain Capital Private Equity and Oaktree Capital Management. No financial terms were disclosed. Allen & Company LLC and Kirkland & Ellis LLP advised International Market Centers, Bain Capital and Oaktree on the deal while Simpson Thacher & Bartlett LLP advised Blackstone and Fireside.
- KKR trying to "woo" Apple to switch sides in Toshiba chip bid: Bloomberg
KKR is trying to persuade Apple Inc to switch sides and join the buyout shop in its bid for Toshiba Corp’s flash memory chip business, Bloomberg is reporting. Toshiba last week agreed to sell the chip unit to a group led by Bain Capital for $18 billion. The Bain group includes Dell Inc, SK Hynix Inc and Seagate Technology plc. Apple has to agree to final terms and is negotiating the volume of chips to be provided, Bloomberg said.
Debt special: waiting for a downturnPrivate equity managers are building war chests as they prepare for the market to sink, but forecasting when it will happen is tricky.