Semantic Machines, a startup with speech recognition technology and talent from Apple and Google, disclosed today that it has raised $12.3 million in new funding. Investors from Bain Capital Ventures and General Catalyst Partners are listed in the filing the startup submitted to the U.S. Securities and Exchange Commission. Last year Semantic Machines named Larry […]
JPMorgan teams with Citi to help Bain Capital buy the country’s third-largest hospital operator.
The U.S. firm has sold its remaining $116 mln stake in Hero MotoCorp four years after investing in the world’s largest motorbike maker. In rupee terms, Bain doubled its money in four years. As private equity pours into India, it’s a reminder that getting money out remains harder.
On the Web Banks and Fintech Firms’ Relationship Status: It’s Complicated - Wall St. Journal - “The classic narrative is the Silicon Valley firebrand who’s taking on the system,” said Matt Harris, managing director of Bain Capital Ventures, an early Simple investor. Show More Summary
EXCLUSIVE: Blue Coat Systems, a security vendor owned by Bain Capital, is acquiring Elastica, a startup that detects potentially dangerous use of cloud applications. Blue Coat is paying more than $300 million for the startup and plans to announce the news as soon as Monday, a source familiar with the matter told VentureBeat. Blue Coat sells hardware that […]
Deutsche Bank and Sankaty Advisors, a Bain Capital affiliate, were selected as the final bidder for the commercial lending and leasing businesses.
Barry Silbert's new Bitcoin company raised an undisclosed sum from traditional financial firms and venture investors, many of whom have not invested in a digital currency company before.
Barry Silbert doesn't appear to be a big fan of 'down time.' He sold SecondMarket, the startup he founded that morped into an online stock exchange for hot, private startups' shares, to Nasdaq last week. Now he is setting up bitcoin-related...Show More Summary
Tom Stemberg, one of the cofounders of Staples, died today. His company was famously funded by Bain Capital, and Stemberg became good friends with Mitt Romney: Romney recalled that shortly after he was elected, Mr. Stemberg asked him why he ran for governor. Show More Summary
On the Web Worldpay Shares Rise 6 Percent After I.P.O. in London - New York Times - "The company, which is owned by the private equity firms Advent International and Bain Capital, priced its offering at 240 pence, or about $3.68 a share. Show More Summary
The closure of macro hedge funds run by Bain Capital and Fortress Investment does not mean bad news for the industry. Lesser-known funds have had double-digit growth.
The offering valued the British payment processor, which is owned by the private equity firms Advent International and Bain Capital, at about $7.4 billion.
The move by the Absolute Return Capital fund follows a difficult summer for the hedge fund industry.
Bain Capital will reportedly liquidate a $2.2 billion hedge fund, citing a challenging market for go-anywhere investing. Bloomberg’s Sabrina Willmer and Simone Foxman report that Bain will shutter its Absolute Return Capital fund, a global macro fund that has lost 8% on an annualized over the past three years. The pair cite a letter sent […]
Earlier this month, the private equity firm Bain Capital LLC took a minority stake in the family-owned company Sundial Brands LLC for an undisclosed amount. Sundial's commercial products include Shea Moisture and Nubian Heritage, hair and beauty lines targeted at black consumers. Show More Summary
Last Tuesday, while I was enjoying a week off the grid, AvidXchange announced they had raised a $225 million financing led by Bain Capital Ventures. I’m psyched to be joining the board of a company co-founded and run by Mike Praeger, a friend of mine for over 20 years. Show More Summary
…What happens when the Black community can no longer support the needs of the business itself? This question came to mind recently when I read about how private-equity firm Bain Capital LLC is taking a minority stake in Sundial Bran...
Good morning. And what does Mars smell like? Weather is a news and journalism mainstay. But the cable channel is for sale. (Bloomberg). It was bought by Blackstone Group, Bain Capital and Comcast Corp.'s NBCUniversal for $3.5 billion...Show More Summary
Cargill has entered into an agreement with Altor Fund III and Bain Capital Europe III to acquire EWOS, a global leader in salmon nutrition for 1.35 billion euros. The transaction, which is subject to regulatory approvals, is expected to close before the end of the calendar year.
Bain Capital and Blackrock have created dedicated impact practices. High net-worth individuals and family offices are gathering to share deals, ideas and experiences. Foundations are sharing best practices. And yet, the amount of dollars invested in real projects and actual businesses is still a minuscule percentage of all invested capital. What’s holding us back?