Bain Capital related stories
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PE-backed Viewpoint to buy Dexter + ChaneyViewpoint, a portfolio company of Bain Capital, has agreed to acquire Dexter + Chaney, a provider of enterprise resource planning software. No financial terms were disclosed.
- Bain, Cinven to raise Stada takeover offer to 66.25 eur/shr: Reuters
Stada said buyout groups Bain Capital and Cinven would sweeten their takeover offer for the German generic drugmaker by 25 cents per share to 66.25 euros after their previous 5.3 billion-euro ($6 billion) bid fell through.
- Bain and Oaktree to sell IMC to Blackstone
Blackstone has agreed to acquire International Market Centers, an owner and operator of showroom space for the furnishings, home decor and gift sectors. The sellers are Bain Capital Private Equity and Oaktree Capital Management. No financial terms were disclosed for the transaction in which Fireside Investment is expected to team up with Blackstone. The deal will likely close during the third quarter of this year. Allen & Company LLC and Kirkland & Ellis LLP advised IMC, Bain Capital and Oaktree while Simpson Thacher & Bartlett LLP served as advisers to Blackstone and Fireside.
- U.S. card firm Vantiv goes global with $10 billion Worldpay buy: Reuters
U.S. credit card processor Vantiv agreed to buy Britain's Worldpay for 7.7 billion pounds ($10 billion) on Wednesday in a move expected to trigger further deals.
- UpKeep picks up $2.7 mln
Los Angeles-based UpKeep, a provider of software for maintenance workers, has raised $2.7 million in funding, according to a blog post https://onupkeep.com/blog/upkeep-raises-2-7-million-build-software-maintenance-teams/ on its site. The investors included Y Combinator, Bain Capital Ventures, Battery Ventures, Mucker Capital, FundersClub, Trifecta Capital, Vy Capital, Zillionize and Agile VC.
Canada Goose secondary to generate $298 mln for Bain, othersToronto luxury outdoor apparel maker Canada Goose Holdings Inc (NYSE/TSX: GOOS) has priced its previously announced secondary offering of subordinate voting shares at US$20.75 per unit. At this price the offering, which is being made by certain investors in the company, including U.S. private equity firm Bain Capital, will generate as much as US$298.3 million in proceeds. Bain, which acquired Canada Goose in 2013, will continue to hold a controlling interest following the sale, the prospectus said. Canada Goose raised $390 million from its initial pubic offering /canada/2017/3/3444758/ earlier this year.
- Wavecrest Growth Partners to raise $100 mln venture fund
Wavecrest Growth Partners has set out to raise a $100 million maiden venture fund, according to a filing with the SEC.
- Cinven, Bain hit ‘significant setback’ on Stada mega-deal
The firms failed to secure enough shareholder acceptances to complete the €5.3bn deal, which would have been the largest European private equity transactions this year.
- Catalant Technologies bags $41 mln Series D
Boston-based Catalant Technologies, a tech platform for business expertise, has secured $41 million in Series D funding. Highland Capital Partners and General Catalyst led the round with participation from other investors that included Greylock Partners, GE Ventures, Mark Cuban, Bain Capital Managing Director Mark Nunnelly and the Kraft family.