Bain Capital related stories
All articles and analysis
Future Fund to hit $158bn by 2027The Australian SWF has lowered its expected return range by 0.5% for the next 10 years, as it says investors have been ‘squeezed up the risk curve’.
- Bain-led consortium in last-minute $18 billion bid for Toshiba chip unit: Reuters
A consortium led by Bain Capital and including Apple Inc (AAPL.O) has offered a revised last-ditch bid for Toshiba Corp’s (6502.T) prized memory chip unit worth about 2 trillion yen ($18.2 billion), Reuters reported.
- AbleTo snaps up $36.6 mln
AbleTo Inc, a provider of behavioral health solutions that improve patient outcomes and lower healthcare costs, has secured $36.6 million in financing. Bain Capital Ventures led the round with participation from other investors that included Aetna, .406 Ventures, Sandbox Industries, HLM Venture Partners and Horizon Healthcare Services Inc.
- Goldman Sachs leads $44 mln funding of Redis Labs
Mountain View, California-based Redis Labs, home of open source Redis and Redis Enterprise and provider of an in-memory database that powers apps and services, announced today it has raised $44 million in Series D funding led by new investor Goldman Sachs Private Capital Investing. Also participating in the new round are existing investors Bain Capital Ventures and Carmel Ventures, along with Dell Technologies Capital. The company, founded in 2011, has now raised $86 million in total funding to date.
PE HUB First ReadFirst Read starts your week with news Carl Icahn will no longer be a presidential adviser, Bain Capital, Cinven win control of Stada with sweetened bid and Immelt emerges as front-runner for Uber CEO job.
BCN acquires Bain, THL-backed Clear Channel Outdoor CanadaBranded Cities Network LLC (BCN) has acquired the 50.001 percent interest held in Clear Channel Outdoor Canada by Clear Channel Outdoor Holdings Inc (NYSE: CCO), a U.S. outdoor advertising company. No financial terms were disclosed for the deal, which gives Phoenix, Arizona-based BCN 100 percent ownership of Clear Channel Outdoor Canada. The latter, which is headquartered in Toronto, has out-of-home media assets in Canada’s six largest markets. Clear Channel Outdoor Holdings is a subsidiary of iHeartMedia Inc, a portfolio company of U.S. private equity firms Bain Capital and Thomas H. Lee Partners.
Luxury apparel maker Canada Goose tops Street, shares rise: ReutersCanada Goose Holdings Inc reported a smaller-than-expected quarterly loss as the luxury apparel retailer sold more products across its sales platforms, sending its shares up 5.3 percent on the Toronto Stock Exchange, Reuters reported. After a red hot debut in March, Canada Goose has been opening stores internationally and increasing its presence on e-commerce sites to meet a growing demand for its jackets and parkas. Canada Goose raised about $390 million from its initial public offering in March. U.S. private equity firm Bain Capital, which acquired the company in 2013, continues to be its leading shareholder.
- Diversey recruits Kadri as new president and CEO
Diversey, a provider of food hygiene and cleaning solutions, has named Dr. Ilham Kadri as president and CEO. Kadri's appointment will become effective after Bain Capital Private Equity completes its acquisition of Diversey. The seller is Sealed Air Corp. The deal is expected to close in September 2017.
- Take-privates back in fashion
A number of high-profile acquisitions of publicly listed companies underscore a growing trend.