Posts filtered by tags: Bain Capital Private Equity[x]


 

Extra Crunch roundup: Security data lakes, China vs. Starlink, ExtraHop’s $900M exit

News broke this morning that Bain Capital Private Equity and Crosspoint Capital Partners are purchasing Seattle-based network security startup ExtraHop. Part of the Network Detection and Response (NDR) market, ExtraHop’s security solutions are for companies that manage assets in the cloud and on-site, “something that could be useful as more companies find themselves in that in-between state,” report Ron Miller and Alex Wilhelm. Just one year ago, ExtraHop was closing in on $100 million in ARR an...
Tags: Health, Startups, TC, Space, Spacex, Maryland, China, US, Tech, Earth, United States, Venture Capital, EC, Anna, Seattle, Alex


Network security startup ExtraHop skips and jumps to $900M exit

Last year, Seattle-based network security startup ExtraHop was riding high, quickly approaching $100 million in ARR and even making noises about a possible IPO in 2021. But there will be no IPO, at least for now, as the company announced this morning it has been acquired by a pair of private equity firms for $900 million. The firms, Bain Capital Private Equity and Crosspoint Capital Partners, are buying a security solution that provides controls across a hybrid environment, something that could ...
Tags: Security, Fundings & Exits, Startups, Cloud, Enterprise, Tech, M&a, Private Equity, Mergers and Acquisitions, Fireeye, Seattle, Bain Capital, Bain, Exit, McAfee, Rothstein


These 5 trends defined a turbulent 2019 at the advertising giant WPP, which consolidated as clients slashed budgets

WPP and its holding company rivals faced significant headwinds going into 2019: Clients cut budgets and digital ad buys dominated by Google and Facebook overtook traditional channels for the first time. To counter these trends, WPP restructured its most valuable property, media-buying network GroupM. WPP merged several properties and closed some small agencies in the US. It also sold a majority stake in market research firm Kantar to Bain Capital for around $4 billion and sued to recover money...
Tags: Google, Amazon, Facebook, Asia, US, Trends, Walmart, Canada, Middle East, Kantar, Accenture, North America, Bain Capital, Jones, WPP, Business Insider


2019 was one of the most tumultuous years at the world's biggest holding company WPP, which closed agencies and chased new business streams

WPP and its holding company rivals faced significant headwinds going into 2019: Clients cut budget and digital ad buys dominated by Google and Facebook overtook traditional channels for the first time. To counter these trends, WPP restructured its most valuable property, media-buying network GroupM. WPP merged several properties and closed some small agencies in the US. It also sold a majority stake in market research firm Kantar to Bain Capital for around $4 billion and sued to recover money ...
Tags: Google, Amazon, Facebook, Asia, US, Trends, Walmart, Canada, Middle East, Kantar, Accenture, North America, Bain Capital, Jones, WPP, Business Insider


These 5 trends defined a turbulent year for the world's biggest advertising company, WPP

WPP and its holding company rivals faced significant headwinds going into 2019: Clients cut budget and digital ad buys dominated by Google and Facebook overtook traditional channels for the first time. To counter these trends, WPP restructured its most valuable property, media-buying network GroupM. WPP merged several properties and closed some small agencies in the US. It also sold a majority stake in market research firm Kantar to Bain Capital for around $4 billion and sued to recover money ...
Tags: Google, Amazon, Facebook, Asia, US, Trends, Walmart, Canada, Middle East, Kantar, Louisiana, Accenture, North America, Bain Capital, Jones, WPP


Herff Jones appoints Down as president

Indianapolis-based Herff Jones, a provider of graduation and educational products, has named Steve Down as president. His appointment is effective immediately. Previously, he was vice president and general manager for Allegion‘s residential division. Herff Jones is a division of Varsity Brands, which is backed by Bain Capital Private Equity. PRESS RELEASE DALLAS and INDIANAPOLIS, Oct. 22, 2019 /PRNewswire/ — Varsity Brands, the market leader in team sports, school spirit and achievement recognit...
Tags: Trends, Indianapolis, People, Steve, Ingersoll Rand, BSN, Ingersoll, Sales Partners, Bain Capital Private Equity, Varsity Brands, Blumenfeld, Herff Jones, Allegion, Varsity Spirit, Steve Down, Adam Blumenfeld Herff Jones


Zelis Healthcare closes merger with RedCard

Zelis Healthcare said Oct. 4 that it closed its merger with RedCard Systems. In July, Parthenon Capital agreed to merge portfolio companies, Zelis Healthcare and RedCard, while bringing in Bain Capital as an investor, Buyouts reported. PRESS RELEASE Zelis and RedCard Complete Merger to Become Next Generation Leader in Healthcare Payments Optimization Combined Company Offers Market-Leading Technology to Price, Pay and Explain Healthcare Claims October 04, 2019 03:00 PM Eastern Daylight Time BEDMI...
Tags: Trends, Linkedin, Deutsche Bank, Parthenon, Goldman Sachs, Bain Capital, Boston San Francisco, Bain Capital Private Equity, Bain Capital Ventures Bain Capital Ventures, San Francisco New York Boston, Austin Parthenon, Zelis Healthcare, Zelis, ST LOUIS BUSINESS WIRE Healthcare, Bain Capital Ventures Financial, Bain Capital Kirkland Ellis


Bain Capital to acquire Imperial Dade

Bain Capital Private Equity has agreed to acquire a majority stake in Imperial Dade, a distributor of disposable food service and janitorial supplies in the U.S., Puerto Rico and the Caribbean. No financial terms were disclosed. Audax Private Equity will retain a stake in Imperial Dade. PRESS RELEASE JERSEY CITY, N.J. – May 1, 2019 – Imperial Dade, a leading distributor of disposable food service and janitorial supplies in the U.S., Puerto Rico and the Caribbean, today announced the signing of a...
Tags: San Francisco, Trends, Bain Capital, Caribbean, Puerto Rico, Midwest, Kirkland Ellis, Ropes Gray LLP, Boston New York, Business Services, Audax Private Equity, Audax, Goldman Sachs Co, PE Deals, Harris Williams, Audax Group


PE-backed Italmatch Chemicals buys Eco Inhibitors

Italmatch Chemicals, a portfolio company of Bain Capital Private Equity, has acquired Eco Inhibitors, a Norwegian developer of chemical solutions. No financial terms were disclosed. PRESS RELEASE Genoa – 2nd of April 2019 – Italmatch Chemicals, a leading global specialty chemical group focused on the production and marketing of performance additives for water & process treatment, oil & gas, industrial lubricants and plastics, today announces that has acquired Eco Inhibitors, a technology startup...
Tags: Usa, UK, India, Trends, M&a, Norway, Genoa, PE, Bain Capital Private Equity, North America USA, Italmatch Chemicals Group, Sergio Iorio, Italmatch Chemicals, Europe Italy Spain Germany, Maurizio Turci, Asia Pacific China Japan


Bain Capital to take majority stake in beauty brand incubator Maesa

Bain Capital Private Equity has agreed to acquire a majority stake in Maesa, a global beauty brand incubator. No financial terms were disclosed. Financo advised Maesa while Lazard and RBC Capital advised Bain Capital Private Equity. PRESS RELEASE PARIS, NEW YORK, LONDON March 28th, 2019 – Bain Capital Private Equity, a leading global private investment firm, has signed a definitive agreement to acquire a majority stake in Maesa, a global beauty brand incubator supplying leading retailers and bea...
Tags: London, Trends, Lazard, Bain Capital, New York NY USA, RBC Capital, Canada Goose, Flower Beauty, PE Deals, Bain Capital Private Equity, Maesa, Financo, Consumer/Retail, Nigel Walder, Andera Partners, Marketing Design Engineering Product Development


Bain Capital to buy majority of Maesa

Bain Capital Private Equity said March 28 that it agreed to buy a majority of Maesa. Financial terms weren’t announced. Maesa, of New York, is a beauty brand incubator for retailers and beauty companies. PRESS RELEASE Maesa enters next growth phase with Bain Capital Private Equity as its new partner PARIS, NEW YORK, LONDON March 28th, 2019 – Bain Capital Private Equity, a leading global private investment firm, has signed a definitive agreement to acquire a majority stake in Maesa, a global beau...
Tags: New York, Trends, Lazard, Bain Capital, New York NY USA, Canada Goose, Flower Beauty, PE Deals, Bain Capital Private Equity, Maesa, Paris New York London, Consumer/Retail, Nigel Walder, Andera Partners, Marketing Design Engineering Product Development, Kristin Ess Hair Care


PE-backed foam product makers FXI and Innocor to merge

FXI, which is backed by One Rock Capital Partners LLC and Innocor, which is backed by Bain Capital Private Equity, have agreed to merge. Both companies are makers of polyurethane foam products. No financial terms were disclosed. Jefferies LLC is serving as M&A adviser to FXI while Latham & Watkins LLP is serving as legal counsel to FXI. And, Barclays Capital Inc. is serving as M&A adviser to Innocor with Ropes & Gray LLP providing legal counsel. PRESS RELEASE MEDIA, Pa. and RED BANK, N.J., March...
Tags: Transportation, Trends, M&a, Bain Capital, Ropes Gray LLP, Jefferies LLC, Stephen Thomas, Barclays Capital Inc, Latham Watkins LLP, Bain Capital Private Equity, FXI, Rock Capital Partners LLC, Scott Spielvogel, Consumer/Retail, Innocor, Harold J Earley


PE-backed Aveanna to buy Maxim’s home healthcare unit

Aveanna Healthcare, which is backed by Bain Capital and J.H. Whitney Capital Partners, has agreed to acquire Maxim Healthcare Services‘ home healthcare division. No financial terms were disclosed. The deal is expected to close in the second quarter of 2019. Edge Healthcare Partners, Barclays, BMO Capital Markets, Jefferies and Deutsche Bank provided financial advice to Aveanna on the transaction. PRESS RELEASE ATLANTA and COLUMBIA, Md., Feb. 19, 2019 /PRNewswire/ — Aveanna Healthcare (“Aveanna”)...
Tags: Trends, Atlanta, Barclays, Healthcare, M&a, Deutsche Bank, Columbia, Maxim, Bob Williams, Atlanta Georgia, Dechert LLP, Maxim Healthcare Services, Greenberg Traurig LLP, PE, J H Whitney Capital Partners, Rod Windley


Investor group to buy U.S Renal Care

An investor group that includes Bain Capital Private Equity, Summit Partners and Revelstoke Capital Partners has agreed to acquire Plano, Texas-based U.S. Renal Care Inc, a provider of dialysis services for patients suffering from end stage renal disease. No financial terms were disclosed. Goldman Sachs and Barclays are serving as financial advisers to U.S. Renal Care. PRESS RELEASE PLANO, Texas–(BUSINESS WIRE)–U.S. Renal Care, Inc., a leading provider of dialysis services for patients suffering...
Tags: Trends, Barclays, Healthcare, Pwc, Goldman Sachs, Bain Capital, Chris, Plano, Guam, Latham Watkins, Plano Texas, PE Deals, ESRD, Leonard Green Partners, Bain Capital Private Equity, Chris Gordon


Partners Capital opens Paris office

Partners Capital has opened an office in Paris. Edmondo Barletta will head the new office. Previously, Barletta was based at the firm’s London office and was the client CIO for many of Partners Capital’s private investors. PRESS RELEASE LONDON, Feb. 4, 2019 /PRNewswire/ — Following the recent announcement of its West Coast Office, Partners Capital announces the addition of a European base to be opened in March 2019 in Paris, France. Partners Capital currently manages $4 billion of European asset...
Tags: Hong Kong, Europe, London, Boston, Trends, People, Paris, Oxford, Brexit, Europe North America, Bain Company, Edmondo, Asia With, Bain Capital Private Equity, Barletta, OCIO


Bain Capital Private Equity to buy majority of Brillio

Bain Capital Private Equity has agreed to buy a majority of Brillio. Financial terms weren’t announced. Brillio’s current management team will continue to lead the company. Brillio, of Santa Clara, California, provides digital consulting and technology services. PRESS RELEASE SANTA CLARA, CA — January 15, 2019 — Brillio, a global digital technology consulting and solutions company, today announced the signing of a definitive agreement for Bain Capital Private Equity to acquire a majority stake i...
Tags: Verizon, Trends, Bain Capital, Raj, NLP, Wilson Sonsini Goodrich Rosati, PE Deals, Bain Capital Private Equity, Brillio, Brillio Financial, Brillio of Santa Clara California, Raj Mamodia, Raj Mamodia CEO of Brillio, Yokohama Coats, Mamodia, Pavninder Singh


Canada’s PSP Investment buys stake in German elevator parts firm Wittur: Reuters

German elevator parts maker Wittur Group said on Friday that Canada’s Public Sector Pension Investment Board entered into an agreement with owner Bain Capital Private Equity to acquire a 32 percent stake in the company. The Canadian pension fund will closely cooperate with Bain Capital, as a sponsor and partner to help Wittur’s international expansion, Wittur said. Both parties have agreed not to disclose the financial details of the agreement, the German company said. Bain Capital sent out info...
Tags: Europe, Trends, Canada, Bain Capital, Reuters, The, PE Deals, Bain Capital Private Equity, Cinven, Public Sector Pension Investment Board, Partners Group PGHN, Wittur, PSP Investment, Wittur Group


Bain-backed Italmatch Chemicals buys BWA Water Additives.

Italmatch Chemicals, a Bain Capital Privte Equity portfolio company, said Dec. 10 that it agreed to buy BWA Water Additives. Financial terms weren’t announced. BWA Water Additives, a provider of sustainable water management solutions for the oil & gas, industrial water treatment and desalination industries. PRESS RELEASE TALMATCH CHEMICALS Group enters into an agreement for the acquisition of BWA Water Additives, a premier global provider of specialty water and oil & gas treatment solutions. The...
Tags: Usa, UK, India, Trends, M&a, Group, BC, Bain, Genoa, IWT, Bain Capital Private Equity, North America USA, Italmatch Chemicals Group, Sergio Iorio, Italmatch Chemicals, Europe Italy Spain Germany


Bain Capital funds Dealer Tire

Bain Capital Private Equity has made an investment in Dealer Tire, which manages replacement tire and parts programs for car dealerships. No financial terms were disclosed. PRESS RELEASE CLEVELAND, OH—October 23rd, 2018—Dealer Tire, LLC, a national leader in replacement tire and parts distribution for automotive dealerships, today announced that Bain Capital Private Equity has made a significant investment in the company to accelerate growth and expansion. Financial terms of the private investme...
Tags: China, Trends, Cleveland, Bain Capital, Morgan, Kirkland Ellis, CLEVELAND Ohio, Ernst Young, Lindsay Goldberg LLC, Lindsay Goldberg, PE Deals, Bain Capital Private Equity, Debevoise Plimpton, Moelis Company, Mueller Family, Lindsay Goldberg Lindsay Goldberg


Bain Capital and Pfizer form Cerevel Therapeutics, Bain commits $350 mln

Bain Capital LP and Pfizer Inc have formed Cerevel Therapeutics, a biopharmaceutical company focused on drug candidates to treat disorders of the central nervous system. Bain Capital has committed $350 million to Cerevel. Centerview Partners provided financial advice to Pfizer on the transaction with Arnold & Porter providing legal counsel. And, Goldman Sachs advised Bain Capital while Ropes & Gray served as legal counsel. PriceWaterhouseCooper acted as accounting adviser to Bain Capital. PRESS ...
Tags: Facebook, Trends, Healthcare, Goldman Sachs, Pfizer, Bain Capital, Pfizer Inc, Greater Boston, CNS, LinkedIn YouTube, Ropes Gray, Boston New York, Arnold Porter, PE Deals, Quintiles, Bain Capital Private Equity


Smith named executive chairman of Toshiba Memory

Toshiba Memory Corp said Oct. 11 that Stacy J. Smith was named executive chairman, effective on October 1. Smith previously spent three decades at Intel, where he was president, manufacturing, operations and sales, from 2016 to 2018. An industry consortium led by Bain Capital acquired Toshiba Memory in June. PRESS RELEASE TOKYO–(BUSINESS WIRE)–Toshiba Memory Corporation (TMC) today announced the appointment of Stacy J. Smith as Executive Chairman, effective on October 1, 2018. Smith brings a lon...
Tags: Asia, Europe, Japan, California, Africa, Trends, Intel, People, Middle East, Tokyo, Autodesk, Smith, Toshiba, Bain Capital, Bba, Virgin America


Boston Tech Watch: Wayfair, Monster, Circle, Rocket, Cogito & More

Time to catch up on recent Boston-area tech headlines, including a trio of mergers and acquisitions, venture capital deals in artificial intelligence and cybersecurity, a new chief technology officer at Monster, and Wayfair’s first brick-and-mortar locations. Read on for details.—Bain Capital Private Equity reached an agreement to purchase a majority stake in Rocket Software, a 28-year-old company providing enterprise software and services, in a deal with a total enterprise value of approximate...
Tags: Deals, Startups, Boston, Trends, Tech, Cybersecurity, Vc, Harvard, Rocket, Ibm, Watson, Self-driving Cars, Driverless Cars, Hyundai, Bain Capital, Carmel Ventures


PE-backed Diversey names two as deputy CEOs

Diversey, which is backed by Bain Capital Private Equity, has named Carlos Sagasta and Gaetano Radaelli as deputy CEOs. Dr. Ilham Kadri will be stepping down from being CEO effective December 31, 2018. Based in Charlotte, North Carolina, Diversey is a provider of food hygiene and cleaning solutions. PRESS RELEASE CHARLOTTE, N.C.–(BUSINESS WIRE)–Diversey, a customer-centric global leader in the hygiene and cleaning industry, today announced a transition of executive responsibilities. Dr. Ilham Ka...
Tags: Trends, People, Kadri, PE, Bain Capital Private Equity, Diversey, Ilham Kadri, Ken Hanau, Ilham, Carlos Sagasta, Gaetano Radaelli, Charlotte North Carolina Diversey, Carlos Sagasta Diversey, Gaetano Redaelli Diversey, Charlotte North Carolina USA


Bain Capital to buy majority stake in Rocket Software

Bain Capital Private Equity has agreed to acquire a majority stake in Waltham, Massachusetts-based Rocket Software, a provider of enterprise modernization and optimization solutions. The value of the deal is about $2 billion. The deal is expected to close during the fourth quarter of 2018. Rocket Software is currently owned by Court Square Capital Partners. PRESS RELEASE WALTHAM, Mass. – October 8, 2018 – Rocket Software, a global technology provider and leader in developing and delivering enter...
Tags: Australia, Trends, Credit Suisse, Pwc, Ibm, Bain Capital, Andy, Kirkland Ellis, Europe Asia, Dechert LLP, Waltham Massachusetts, PE Deals, Court Square Capital Partners, Bain Capital Private Equity, Morgan Stanley Co LLC, David Humphrey


KKR closes BMC buy

KKR said Oct. 2 that has closed its $8.5 billion buy of BMC Software. Sellers include Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners, and Elliott Management. PRESS RELEASE HOUSTON, Oct. 2, 2018 /PRNewswire/ — BMC, a global leader in IT solutions for the digital enterprise, today announced the completion of the acquisition of BMC by KKR, a leading global investment firm. The company was acquired from a private investor group led by Bain Capital Pri...
Tags: America, Trends, Houston, KKR, Bmc, Elliott, Elliott Management, U S Patent and Trademark Office, PE Deals, KKR KKR, Bain Capital Private Equity, BMC Software Inc, GIC Insight Venture Partners, Peter Leav, KKR Co Inc, KKR BMC


KKR completes BMC buyout

KKR has closed its acquisition of Houston, Texas-based BMC, a provider of IT solutions for the digital enterprise. The sellers were an investor group led by Bain Capital Private Equity and Golden Gate Capital. PRESS RELEASE HOUSTON, Oct. 2, 2018 /PRNewswire/ — BMC, a global leader in IT solutions for the digital enterprise, today announced the completion of the acquisition of BMC by KKR, a leading global investment firm. The company was acquired from a private investor group led by Bain Capital ...
Tags: America, Trends, Houston, KKR, Bmc, Houston Texas, Elliott Management, U S Patent and Trademark Office, PE Deals, KKR KKR, Bain Capital Private Equity, BMC Software Inc, GIC Insight Venture Partners, Peter Leav, KKR Co Inc, KKR BMC


Biovica recruits Holmqvist as senior adviser

Biovica, a Swedish biotech firm, has named Lars Holmqvist as a senior adviser. Holmqvist is the former president and CEO of Dako. Also, he was senior adviser life science for Bain Capital Private Equity. PRESS RELEASE STOCKHOLM, Sept. 28, 2018 /PRNewswire/ –Lars Holmqvist has been appointed as Senior Advisor to Biovica. He will contribute to Biovica’s commercialization strategy and will be very helpful as strategic support for future marketing in the US and Europe. During his time as President a...
Tags: Europe, US, Trends, People, Stockholm, Dako, Agilent Technologies, Lars, Pharmacia, Bain Capital Private Equity, Biovica, Holmqvist, Lars Holmqvist, Dako Lars Holmqvist, DiviTum, Anders Rylander


PE-backed GRI promotes Parrino to COO

Geometric Results, which is backed by Bain Capital Private Equity, has promoted Jill Parrino to chief operating officer. Previously, she was the vice president of solutions and innovation. Detroit-based GRI is an independent extended workforce solutions provider. PRESS RELEASE DETROIT, Sept. 18, 2018 /PRNewswire/ — Jill Parrino has been named Chief Operating Officer at GRI, now leading the company’s expanded efforts to provide a range of programs that will better-serve clients and offer an expan...
Tags: UK, Trends, People, GRI, Detroit, Vms, Msp, Jill, David Cooper, PE, Bain Capital Private Equity, Mary Tucker, Parrino, Jill Parrino, Art Knapp He, Salema Rice


Gladden joins Bain Capital Private Equity

Brian Gladden has joined Bain Capital Private Equity as an operating partner and CFO specialist within the firm’s North America portfolio group, according to his LinkedIn profile. Gladden most recently was CFO at Mondelēz International and Dell Inc.
Tags: Trends, Linkedin, People, North America, Mondelez International, Gladden, Bain Capital Private Equity, Brian Gladden


UK’s esure soars on possible $1.5 billion offer from Bain Capital: Reuters

Britain’s esure (ESUR.L) is in advanced talks over a possible 1.17 billion pound ($1.49 billion) bid from Bain Capital Private Equity, the insurance company said on Monday, sending its shares more than 30 percent higher. esure was founded when its top shareholder Peter Wood and Halifax bank launched online insurer esure.com in 2001. After a management buy-out in 2010, it became an independent company and listed in London two years later at 212 pence per share. Bain Capital has proposed buying es...
Tags: UK, London, Global, Trends, London Stock Exchange, Britain, Aviva, Halifax, Wood, Bain Capital, Thomson Reuters, Bain, Reuters, Peter Wood, PE Deals, Bain Capital Private Equity