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Bain Capital News

News on Bain Capital (Ticker: ST) continually updated from thousands of sources around the net.

Yesterday | Reuters

UPDATE 2-Calpers dumps hedge funds citing cost, to pull $4 bln stake

The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated. The $300 billion fund, known as Calpers, invests with firms including Och-Ziff Capital Management, Deepak Narula's Metacapital Management and Bain Capital's Brookside Capital and plans to pull the money out over the next year.

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Related Topix: Pension, Personal Finance, California Public Employees Retirement System, Financial Services, Retirement, Investment Services, Startups

Monday | Reuters

Bain, Carlyle in talks to buy majority stake in India's Famy Care-sources

U.S. private equity funds Bain Capital LLC and Carlyle Group LP are in separate talks to buy up to a 75 percent stake in India's Famy Care Ltd for about $400-$450 million, two sources with direct knowledge of the matter told Reuters. Another private equity fund, Warburg Pincus, is also holding separate discussions to buy a controlling stake in the Mumbai-based drug maker of contraceptive pills for women, the sources said.

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Related Topix: Startups, Warburg Pincus

Fri Sep 12, 2014

Hollywood Reporter

Weather Channel Majority Owners Considering a Sale

No deal is imminent but two large equity funds are reportedly talking to investment bankers about putting the channel and related assets up for bid The two large equity funds that own majority interest in The Weather Channel have been considering selling their stake for at least a year, an informed source tells The Hollywood Reporter . That gives credence to a Friday report by Bloomberg that Blackstone Group and Bain Capital have talked with JP Morgan Chase & Co.

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Related Topix: Blackstone Group, Advertising, Startups, Banking, JP Morgan Chase , Goldman Sachs, Financial Services, Investment Services, Cohen Group, Consulting, Cable & Satellite, Comcast

Fast Company

TOMS Partners With Target For A New Budget-Friendly Holiday Collection

Beginning November 16, the shoe company known for its canvas slip-ons and its widely mimicked "one for one" program will launch "TOMS for Target," a collection of clothes, shoes, and home goods. With each purchase, Target will donate blankets, meals, and shoes to various charities, including the American Red Cross and the Canadian Red Cross Disaster Relief.

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Related Topix: Venture Capital, Startups, Emerging Technology, Business News

Reuters

Bain Capital-owned Atento expects IPO to be priced at $19-$22/share

At the top end of the expected price range, the IPO is likely to raise about $321.8 million. Atento will be valued at about $1.60 billion at the top end of the price range.

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Related Topix: Venture Capital, Startups, Emerging Technology

Wed Sep 10, 2014

Post-gazette.com

Pittsburgh robotics company 4Moms banks $41 million in funding

Two years after a $20 million investment, Boston-based Bain Capital Ventures has doubled down on its investment in Strip District-based juvenile robotics products company 4Moms. 4Moms announced that Bain has teamed up with Newton, Mass.,-based investment firm Castanea Partners for a $41 million round of institutional funding.

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Related Topix: Pittsburgh, PA, Strip District (Pittsburgh, PA), Startups

Tue Sep 09, 2014

PE Hub

Flex Pharma raises $40 mln from big investor group

Flex Pharma , a biopharmaceutical company focused on treatments for neuromuscular disorders, has raised $40 million from an investor group. Investors include Longwood Fund , Bessemer Venture Partners , EcoR1 Capital , Jennison Associates , Lightstone Ventures , Alexandria Equities , CD-Venture , Bindley Capital Partners , City Hill Ventures and several individuals including Steve Pagliuca , managing director at Bain Capital .

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Related Topix: Venture Capital, Emerging Technology, Startups, Bessemer Venture Partners

Mon Sep 08, 2014

Business Journal

Symphony Commerce raises $21.5M to help manage online retail

The San Francisco company led by CEO Harish Abbott said the round was led by CRV, with Bain Capital and FirstMark Capital also participating. The company has now raised about $39 million since it launched in 2010.

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Related Topix: Venture Capital, Startups, Emerging Technology

Reuters

Carlyle Group to pay $115 mln to end LBO collusion lawsuit

Carlyle Group LP agreed to pay $115 million to settle a U.S. lawsuit accusing it of conspiring with rival private equity firms not to outbid each other on takeovers prior to the financial crisis. Carlyle, led by David Rubenstein, became the seventh and last private equity firm to settle the nearly seven-year-old case, with settlements totaling $590.5 million.

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Related Topix: Carlyle Group, Financial Services, Investment Services, Startups, Blackstone Group, Advertising, Goldman Sachs

Business Journal

Celtics co-owners Pagliuca shoots from the hip on team, owning a sports franchise

What does it take to run a successful sports sports franchise in the 21st Century? In an interview with Bloomberg News, Boston Celtics co-owner and Bain Capital managing director Stephen Pagliuca shared his thoughts on long-term planning, the Celtics' future and Steve Ballmer's $2 billion acquisition of the Los Angeles Clippers.

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Related Topix: Venture Capital, Startups, Emerging Technology

Sun Sep 07, 2014

Bloomberg

Ewos Said to Buy Chile's Nova Austral for $183 Million

Ewos AS, a Norwegian fish feed supplier that is partially owned by Bain Capital LLC, agreed to buy Chile 's Nova Austral out of bankruptcy, according to four people with direct knowledge of the matter. The $183 million agreement signed on Sept.

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Related Topix: Startups, US News

Fri Sep 05, 2014

Business Journal

Symphony Commerce raises $21.5M to help manage online retail

The San Francisco company led by CEO Harish Abbott said the round was led by CRV, with Bain Capital and FirstMark Capital also participating. The company has now raised about $39 million since it launched in 2010.

Comment?

Related Topix: Venture Capital, Startups, Emerging Technology

MediaPost

Clear Channel Still Juggles Debt

Still laboring under $20.7 billion of debt -- most of it assumed in the deal to take the company private, engineered by Bain Capital and Thomas H. Lee Partners in 2008 -- Clear Channel Communications is furiously juggling financial obligations with yet another debt offering, which will be used to pay off debts coming due in the near term. In announcing the new private debt offering, Clear Channel said it is looking to sell $750 million of new priority guarantee notes due in 2022, secured by a lien against the company's capital stock and property as well as accounts receivable and related assets.

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Related Topix: Clear Channel Communications, Media, Radio, Television, Startups

Sys-Con Media

Sensata Technologies Holding N.V. Announces Secondary Offering by Selling Shareholders

Sensata Technologies will not receive any proceeds from this offering. The offering is expected to close on BofA Merrill Lynch and Citigroup are acting as underwriters of the offering.

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Related Topix: Sensata Technologies, Manufacturing, Industrial Machines, Startups, SPS Technologies, Securities and Exchange Commission, Corporate / Securities Law, Law

Thu Sep 04, 2014

Sys-Con Media

Nathan Sanders Joins Technology Crossover Ventures as General Partner and Head of IR

Technology Crossover Ventures , a leading provider of growth equity for premier technology companies, announced today that Nathan Sanders has joined the firm as a general partner and head of investor relations . Sanders joins TCV from global investment firm Bain Capital.

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Related Topix: Venture Capital, Emerging Technology, Startups, Technology Crossover Ventures, McKinsey, Consulting

Sun Aug 31, 2014

The Verona-Cedar Grove Times

Companies find other ways to move offshore and avoid U.S. taxes

Consider the business founded in 1916 as General Plate Co., a maker of sensors and controls for everything from Fords and Frigidaires to the spaceship that first carried Americans to the moon.

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Related Topix: Startups, US News, HarperCollins Publishers, Publishing, Media, IGN Entertainment, Television, Fox Filmed Entertainment, FOX News Network

Thu Aug 28, 2014

Reuters

UPDATE 1-Japan restaurant operator Skylark to raise up to $1.1 bln in Tokyo IPO

Japan's Skylark Co Ltd will list on the Tokyo Stock Exchange on Oct. 9 in an initial public offering worth up to $1.1 billion, marking the restaurant operator's return to the market three years after it was taken private by Bain Capital.

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Related Topix: Venture Capital, Startups, Emerging Technology

Wed Aug 27, 2014

Daily Kos

Burger King and the Romney Perversion

The merger of Miami-based Burger King and Tim Horton's of Canada is adding fuel to the raging debate about the so-called " tax inversion ."

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Related Topix: Life, Food, Fast Food, US Politics, US News, Mitt Romney, Venture Capital, Startups, Emerging Technology, Liberal Political News

Tue Aug 26, 2014

WebCPA

Tax Dodge Used by Bain Shifts U.S. Companies Abroad

There's more than one way for a U.S. company to avoid taxes by claiming a foreign address.

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Related Topix: Startups, US Politics, US News, Barack Obama, HarperCollins Publishers, Publishing, Media, Television, Fox Filmed Entertainment, FOX News Network

Bloomberg

Edcon Plans Brand Growth to Compete in South Africa

Edcon Holdings Ltd. is turning to international brands such as Topshop and Tom Tailor as South Africa 's biggest clothing retailer seeks to restore profit seven years after being bought in a leveraged buyout.

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Related Topix: World News, South Africa, Africa, Compete, Startups,

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