Hints and tips:
...Huang has disputed board decisions, threatened to split the company and opposed Bain’s investment....
...HCA and its backers, Bain Capital, KKR and Bank of America’s private equity arm, along with the Frist family who founded the company, sold 126.2m shares, up from an initial plan to sell 124m shares....
...Bloomberg, citing The Times, reports that Bain and Oberthur plan to offer 950p a share....
...Bain Capital, KKR, Bank of America and the brother of former US Senate majority leader William Frist are each in line to make nearly $3bn in the IPO of HCA from their $1.2bn investment in the 2006 leveraged...
...The company was acquired in 2006 by buy-out firms Bain, Carlyle Group and Thomas H. Lee Partners....
...Material World: Bain on luxury’s new balancing act The Bain luxury goods “worldwide markets study” spring update is out and – wow, things are looking good, writes the FT’s fashion editor Vanessa Friedman...
...Bloomberg adds that EMS directors had pushed for higher bids from CD&R and rival buy-out group Bain Capital, in a sale process run by Goldman Sachs and Bank of America....
...KKR, Bain Capital and BofA-Merrill Lynch Capital Partners will each sell 11.1m shares, with an option to sell an extra 4.6m shares. The Frists will sell about 500,000 shares....
...KKR and Bain, along with Merrill Lynch, bought HCA in 2006 for $33bn, in what was then the largest leverage buyout on record....
...Apollo and Metropoulos, who acquired Pabst Brewing last year, are leading a consortium that includes Bain Capital and TPG....
...Apollo and Metropoulos, who acquired Pabst Brewing Co last year, are leading a consortium that includes Bain Capital and TPG, said people close to the matter....
...A few private-equity firms, including Bain Capital, are also interested in OPI, and Coty is considering at least one other cosmetics acquisition, the people said....
...Apax outbid two rival consortia for ISS, one made up of Blackstone, CD&R, Bain Capital and Nordic Capital and another of Apollo and CVC....
...As the FT reported in December, some of the biggest private equity groups such as Carlyle, KKR, Blackstone, Bain, TPG and Apollo are increasingly diversifying into activities such as prop trading hedge funds...
...Buy-out groups Bain Capital and Permira Advisers are among investors chosen by MBK Partners – the buy-out group founded by ex-Carlyle Group executives – as final bidders for Taiwan’s second-biggest cable-TV...
...HgCapital, the UK-based buy-out group, is expected to announce the acquisition of TeamSystem, the Italian accounting software maker, from Bain Capital in a deal worth about €565m, the FT reports....
...Lion, which owns the Weetabix cereal brand, beat other buy-out groups, including CVC, Eurazeo, and Bain Capital, to secure exclusive talks with BC....
...Meanwhile, adds Reuters, 83% state-owned RBS is finalising the sale of its payment processing business to buy-out firms Advent International and Bain Capital for £2bn-£3bn....
...Reuters notes that a sale could draw buy-out firms with technology expertise, such as KKR, Bain, Carlyle or Permira....
...One likely bidder is Sage, the UK-listed software group, which made an unsuccessful offer for TeamSystem when Bain bought it almost six years ago....
...In Italy, HgCapital and Cinven are vying in a €600m auction for TeamSystem, the accounting software maker, being sold by Bain Capital six years after acquiring it from another buy-out group....
...People close to the transaction said RBS hoped to announce the sale of its Global Merchant Services arm to Advent International and Bain Capital with the bank’s first-half results on Friday – although the...
...Other buy-out groups that earlier expressed interest include Bain Capital and Apollo Management, adds the report....
...Axa Private Equity, Bain Capital and PAI are bidding for the business; and CVC Capital Partners and the Carlyle Group are also said to be interested....
...Likely first round bidders include KKR, Carlyle, Hellman & Friedman, Bain Capital, Apollo, Permira and Providence. Interested trade bidders include Thomson Reuters and McGraw-Hill....
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