Bain Capital related stories
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Global PE firms take on developed AsiaBuyers active in Asia are changing their geographic focus and deal types, eyeing larger transactions in Japan, South Korea and Australia.
CK Infrastructure to buy German metering firm Ista: ReutersA consortium led by Hong Kong's CK Infrastructure said it would buy German metering and energy management group Ista in a deal valued at up to US$5.25 billion, Reuters reported. CKI, part of conglomerate CK Hutchison Holdings, is acquiring Ista from private equity firm CVC Capital Partners. Canada Pension Plan Investment Board holds a minority stake in Ista, obtained in 2013 as part of CVC's acquisition. CPPIB reportedly /canada/2017/7/ck-infrastructure-leads-chase-for-energy-management-group-ista-reuters/ teamed up with Blackstone Group to bid for the whole company.
- Li Ka-shing's CKI to buy German energy metering firm Ista: Reuters
A consortium led by Hong Kong's CK Infrastructure (1038.HK) said on Thursday it would buy German metering and energy management group Ista in a deal valued at up to 4.5 billion euros ($5.25 billion).
- Benetton family seeks to make Ducati motorbikes Italian, say sources: Reuters
Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen (VOWG_p.DE), sources told Reuters.
- Bain, Cinven launch sweetened takeover offer for Stada: Reuters
Buyout groups Bain Capital and Cinven launched their sweetened takeover offer for German generic drugmaker Stada (STAGn.DE) on Wednesday, giving shareholders until Aug. 16 to tender their shares, the companies said.
- Bain Capital Double Impact funds two companies
Bain Capital Double Impact has made investments in two companies: Living Earth, a commercial recycler of organic landscape materials in Texas; and Impact Fitness, a Planet Fitness franchisee. No financial terms were disclosed. NXT Capital provided financing for the Living Earth transaction while Twin Brook Capital Partners provided likewise for the Impact Fitness investment. Goodwin Procter, AlphaSights and PwC served as advisers on both deals.
- Awake Security nabs over $30 mln from Greylock and Bain Capital Ventures
Silicon Valley-based Awake Security, a provider of advanced security analytics solutions, has secured over $30 million in funding. The investors were Greylock Partners and Bain Capital Ventures. In addition to the funding, Asheem Chandna, a partner at Greylock Partners, and Enrique Salem, a managing director at Bain Capital Ventures, have joined Awake Security's board of directors.
- Three bidders picked for bad loans of four rescued Italian banks, say sources: Reuters
U.S. funds Fortress Investment Group (FIG.N), Bain Capital and Blackstone (BX.N) have been picked to submit binding bids for a 1 billion euro ($1.1 billion) Italian bad loan portfolio, sources told Reuters.
- Lightbend inks $15 mln
San Francisco-based Lightbend, a reactive application development platform provider for building distributed applications, has secured $15 million in funding. The investors included Bain Capital Ventures, Blue Cloud Ventures, IBM, Intel Capital, Juniper Ventures and Shasta Ventures.
Northleaf Capital hires Robert Weiss as private credit advisorCanadian private-markets investor Northleaf Capital Partners has hired Robert Weiss as a Chicago-based senior advisor to its private credit team. Prior to joining the firm, Weiss was recently retired from Sankaty Advisors, now Bain Capital Credit, where he served as managing director and head of the Chicago office, and was responsible for deal activity related to the firm's mid-market direct lending business. Last November, Toronto-based Northleaf raised more than US$1.4 billion for its global private credit program /2016/11/northleaf-rakes-in-more-than-1-4-bln-for-private-credit-program/ and acquired a stake in Antares Holdings.