Bain Capital related stories
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TH Lee, Bain increase Clear Channel bid(2)Thomas H. Lee and Bain Capital have increased their offer for Clear Channel by nearly 4 percent, valuing the buyout at more than $27 billion. The private equity firms have said it is their final offer.
- Clear Channel board reverses bid rejection
Clear Channel’s board is now in talks with Bain Capital and TH Lee regarding the sweetened offer it rejected last week. This latest twist comes one day before shareholders were meant to vote on the buyout.
- KKR, CD&R in $7.1bn food distributor deal(2)
Dutch retail giant Royal Ahold has agreed to sell its food distribution company, US Foodservice, to KKR and CD&R for $7.1 billion.
- Sweetened bid for Clear Channel rejected(2)
Clear Channel’s board has rejected a 0.5 percent higher bid for the media giant from TH Lee and Bain Capital, saying it would delay next week’s shareholder vote on the buyout. Two weeks ago, the private equity firms upped their bid by 4 percent and had said that was their ‘best and final offer’.
- Buyout battle looms for Thomson division(2)
Some of the world’s biggest buyout firms are set to fight it out for the $3.5 billion-valued higher education division of publishing company Thomson, in the latest demonstration of private equity’s appetite for the sector.
- Wendel recruits Donnet for Asia push(2)
Wendel, the French-listed investment group, is continuing its efforts to expand outside its home market by launching an Asia-Pacific operation and recruiting Philippe Donnet to run it.
- Providence to buy Clear Channel division for $1.2bn(2)
Clear Channel is selling a group of 54 television stations to Providence Equity Partners for $1.2 billion. The media giant is also in agreements to sell 161 radio stations for $331 million.
- Bain and Odewald sell German printer(2)
Bain Capital and German investor Odewald have sold 2D Group, a German printing group, to Quadriga Capital.
- Explosive maker rejects $8.3bn buyout proposal(2)
Orica, an Australia-listed explosive maker, has seen its share prices jump by more than twenty percent after rejecting a A$10 billion proposal from a private equity consortium.
- Warburg Pincus buys $625 million Metavante(2)
Warburg Pincus has become the second private equity firm this week to back a US-based electronic payments firm, following KKR’s $29 billion acquisition of First Data on Monday.