Bain Capital related stories
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Private equity backs its own in US electionThe US private equity community has contributed substantial sums to the ever-expanding war chests of the US presidential hopefuls. Republican candidate Mitt Romney, the co-founder of Bain Capital, has predictably been the most generously supported.
- Sun Capital buys Japanese snack maker
Sun Capital’s recently established Japanese affiliate has completed its first deal with the acquisition of “Fruit Jelly” snack maker Tarami.
- Sweetened bid for Clear Channel rejected
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’.
- KKR, CD&R in $7.1bn food distributor deal
Dutch retail giant Royal Ahold has agreed to sell its food distribution company, US Foodservice, to KKR and CD&R for $7.1 billion.
- TH Lee, Bain increase Clear Channel bid
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.
- Bain and Odewald sell German printer
Bain Capital and German investor Odewald have sold 2D Group, a German printing group, to Quadriga Capital.
- Buyout battle looms for Thomson division
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.
- Providence to buy Clear Channel division for $1.2bn
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.
- Wendel recruits Donnet for Asia push
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.
- Warburg Pincus buys $625 million Metavante
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.