Bain Capital related stories
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OpenFin inks $15 mln Series BNew York-based OpenFin, a common operating layer for financial desktop applications, has raised $15 million in Series B funding. The investors included Bain Capital Ventures, DRW Venture Capital, J.P. Morgan, Euclid Opportunities, Nyca Partners and Pivot Investment Partners.
Bain Capital-owned Canada Goose files for initial public offeringCanada Goose Inc, a Toronto designer and maker of outdoor luxury apparel, has filed for an initial public offering of its subordinate voting shares on the New York Stock Exchange and the Toronto Stock Exchange, according to a report by Reuters. The company has priced the offering at US$100 million, Reuters said, citing an Securities Exchange Commission filing. Established in 1957, Canada Goose was acquired by U.S. private equity firm Bain Capital in December 2013. The IPO will include a secondary sale by Bain, according to the company's preliminary prospectus, that will leave it with majority control.
- GV leads Series C round for Evident.io
Pleasanton, California-based Evident.io, a provider of cloud infrastructure security services for Amazon Web Services, has secured $22 million in Series C funding. GV led the round with participation from return backers Bain Capital, True Ventures and Venrock.
- Toshiba wants funds not peers to buy chip stake, says source: Reuters
Toshiba Corp wants investment funds including Bain Capital to buy a stake in its flash memory business rather than industry peers such as Micron Technology Inc because doing so will speed up the planned sale, a source told Reuters.
- Bain Capital completes Innocor acquisition
Bain Capital Private Equity has closed its previously announced buyout of Red Bank, New Jersey-based Innocor Inc, a maker of advanced foam products. The seller was Sun Capital Partners. No financial terms were disclosed.
- HGGC hires four and promotes one
Mid-market private equity firm HGGC has hired Greg Hughes, Bob Pender and David Chung as executive directors and promoted Pat Dugoni to vice president from senior associate. Also, James Herrmann joins HGGC as a business development officer from former Bain Capital portfolio company Icon Health and Fitness. Previously, Hughes worked at HGGC-backed Serena Software where he was president and CEO while Pender most recently served as its chief operating officer. And, Chung is a former director and principal at KKR.
- General Atlantic leads $50 mln round for Turbonomic
Boston-based Turbonomic, an autonomic performance platform for the hybrid cloud, has raised $50 million in funding. General Atlantic led the round with participation from Bain Capital Ventures, Highland Capital, Globespan and Iconiq. In addition to the funding, Gary Reiner, former chief information officer at General Electric and current operating partner at General Atlantic, has been added to Turbonomic's board of directors.
- Primary Venture Partners leads $2 mln round for Shoptalk
Shoptalk, which organizes retail and ecommerce-focused events, has raised $2 million in funding. Primary Venture Partners led the round with participation from other backers that included Commerce Ventures, Bain Capital Ventures and New Enterprise Associates. The capital infusion will be used to launch Shoptalk Europe.