Bain Capital related stories
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Bain Capital plans North Asia retail pushBain has teamed up with Chinese supermarket chain operator Yonghui to expand Daymon Worldwide in China, Japan, Taiwan and South Korea after a $413m acquisition.
- Bain Capital to acquire PSA Health
Bain Capital Private Equity has agreed to acquire PSA Healthcare, which is owned by J.H. Whitney Capital Partners. No financial terms were disclosed. PSA Healthcare will merge with Epic Health Services, which Bain Capital agreed to acquire in December. Edge Healthcare Partners was financial adviser to PSA on the transaction. Based in Atlanta, PSA Healthcare, provides home nursing services to medically fragile children.
- Bain Capital takes majority stake in Daymon
Bain Capital Private Equity has acquired a majority stake in Daymon Worldwide, a provider of retail services. No financial terms were disclosed. BofA Merrill Lynch served as financial adviser to Bain Capital Private Equity on the transaction.
- 3i ramps up team with six hires
3i has expanded its private equity team with six new hires. They are Frédéric Chiche, who has become a director in the Paris office; Michael Kober, who has joined the New York office as a senior associate; Manny Cominsky, who has come on board in New York as an associate; Piotr Doniec, who joins the Frankfurt office as a senior associate; Martin von Berg, who also joins the Frankfurt team as an associate; and Philip De Vusser, who has become an associate at the Amsterdam office.
- Bank trio line up around 275m of loans to back Concardis sale: Reuters
Three banks have lined up a loan financing totaling around 275m to back the buyout of German payment group Concardis by private equity firms Advent and Bain Capital, banking sources said told Reuters.
PE HUB Second OpinionSecond Opinion closes out the week with news that Wells Fargo is shutting down over 400 bank branches, Bain-backed retailer Canada Goose wants to go public as early as next month and a million people are asking President Obama to pardon whistle-blower/fugitive Edward Snowden.
- Advent, Bain Capital agree to buy payments group Concardis: Reuters
Private equity firms Advent and Bain Capital agreed to buy German payment group Concardis from a group of private, savings and cooperative banks, the parties said in a joint statement on Friday, not disclosing a purchase price.
- Bain Capital Ventures taps Choi as MD
Bain Capital Ventures has hired Yumin Choi as a managing director leading the firm's healthcare investments. Previously, Choi worked at HLM Venture Partners where he specialized in healthcare investments.
- HGGC grows investment team amid robust pipeline
The California-based firm has expanded its investment and business development capacities as Fund III, which closed in December, prepares to deploy capital this spring.
- HGGC hires four and promotes one
HGGC has named Greg Hughes, David Chung and Bob Pender as executive directors. The firm has also promoted Pat Dugoni to vice president from senior associate and hired James Herrmann as business development officer. Chung is a former investment partner at Blum Capital Partners while Hughes was the president and CEO of HGGC portfolio company Serena Software. Pender most recently served as the chief operating officer at Serena Software and Herrmann had a business development role at former Bain Capital portfolio company Icon Health and Fitness.