By Denny Thomas HONG KONG (Reuters) - McDonald's Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters. Show More Summary
In 2011, former Bain Capital executive Edward Conrad decided to give $1 million to the super-PAC supporting the presidential bid of his pal Mitt Romney. But he didn't contribute the cash directly. Instead, he put the money in a generically named shell company he had recently created, which then cut a check to the super-PAC, Restore Our Future. Show More Summary
Now that’s a screaming case of the cat calling the kettle black if there every was one. Mitt Romney has lashed out at The Donald for being a “phony and fraud”, but consider this. During his 16-years at Bain Capital, fully one-fourth...Show More Summary
The market value of Greencross sailed to $855 million with news that Bain Capital has emerged within the contest to buy the petcare business.
Bain Capital enters the battle for pet care business Greencross in what is now shaping up as a three-way contest.
(Reuters) - Medical device maker Stryker Corp said it would buy Physio-Control International Inc for $1.28 billion in cash to expand its emergency medical services business. Physio-Control is a unit of Bain Capital Private Equity, and develops cardiac devices such as defibrillators. Show More Summary
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 […]