Bain Capital related stories
All articles and analysis
SAC Private Capital acquires Taiwanese bank at a steep discountSAC Private Capital, the private equity arm of a US hedge fund group, has acquired a control stake in Cosmos Bank at a discount, saving it from government receivership.
- Bain and Prides Capital to invest $60m in Princeton Review
Close on the heels of Apax’s $8 billion May buyout of The Thomson Corporation’s higher education division, Bain Capital Ventures and Prides Capital have agreed to invest $60 million in test prep company The Princeton Review.
- Bain targets funds totaling $15bn(2)
Eighteen months after closing its last round of fundraising, Bain Capital is back with a modestly larger $10 billion core fund target, but a $5 billion co-investment fund, reflecting high LP co-investment demand as well as the possibility of a slowdown in the deal market.
- Sun Capital strengthens restaurant portfolio
Sun Capital has expanded its restaurant portfolio with the acquisition of Pacific Coast Restaurants, an operator of 27 restaurants. The struggling US restaurant industry has been increasingly attractive to private equity.
- Bain targets funds totaling $15bn
Eighteen months after closing its last round of fundraising, Bain Capital is back with a modestly larger $10 billion core fund target, but a $5 billion co-investment fund, reflecting high LP co-investment demand as well as the possibility of a slowdown in the deal market.
- Buyout giants pull out of race for Coles(3)
TPG, Carlyle and Blackstone have pulled out of the formal race for Coles, an Australia-listed retailing group, but their consortium has indicated an interest in discussing an alternative investment structure.
- Moody’s criticises levels of debt in buyouts(3)
Ratings agency Moody’s is worried about the levels of debt being issued to private equity. It has highlighted refinancing as a concern claiming firms used this as a way to pass risk on to lenders, despite stated intentions to de-leverage.
- Freescale goes to Blackstone-led group for $17.6bn
In a deal valued at $17.6bn, Texas semiconductor maker Freescale has decided to be taken private with a group including Blackstone, Carlyle, Permira and Texas Pacific, dealing a blow to a KKR-led group that recently bought the semiconductor division of Philips.
- SEIU: PE must take greater social responsibility(3)
The SEIU and the Working Families Party held a joint press conference today on a New York sidewalk – they called on buyout firms to better help the middle classes and outlined their upcoming private equity campaign strategies as volunteers sought to catch the attention of passers-by with posters and flyers.
- Bain strikes twice in musical, nautical deals(3)
Bain Capital is set to acquire US retailer Guitar Center for $2.1 billion. Meanwhile, the firm’s German arm has agreed to purchase yacht manufacturer Bavaria Yachtbau.