Bain Capital took another step into the health care space with the launch of a blank-check company it hopes to use to raise $125 million for the purchase of a biotechnology, life sciences or medical device company.
Banco Bradesco, Brazil’s fourth-largest bank, said Monday that it has entered the country’s growing digital-wallet market with a new product called BITZ.
Creditors of embattled Virgin Australia on Friday “overwhelmingly” voted to approve the airline’s AUD 3.5 billion ($2.5 billion) sale to U.S. private equity firm Bain Capital, administrators for the country’s second-largest airline said, despite unsecured creditors getting very little of their money back.
Bain Capital will pay AUD 3.5 billion ($2.5 billion) for Virgin Australia in a deal that will see the airline’s unsecured creditors, including several large banks, get very little of their money back, a report released Tuesday shows.
An alternative proposal backed by UBS, Credit Suisse and Deutsche Bank to derail the sale of Virgin Australia to Bain Capital has been withdrawn after suffering a setback in Australian federal court earlier this week, local media reported.
Bain Capital has clinched a $1.2 billion deal for Japanese nursing home and dog-grooming conglomerate Nichiigakkan, beating out a higher last-minute counter offer.
Baring Private Equity Asia, a Hong Kong-based firm, has reportedly made a counter offer for Japanese nursing home and dog grooming operator Nichiigakkan in a challenge to Bain Capital, whose bid had been criticized by investors as “substantially too low.”
An Australian court on Monday rejected a rival bid supported by UBS, Credit Suisse and Deutsche Bank to challenge Bain Capital’s takeover of Virgin Australia, local Australian media reported.
Shares for Duck Creek Technologies, a software provider for property and casualty insurers, began trading 56% higher than their initial public offering price, in a show of insurtech’s strong appeal to investors.
Niche enterprise software company Roper agreed to acquire cloud-based insurance software vendor Vertafore for $5.35 billion, in a deal that is expected to generate substantial cash flow as insurers continue to demand technology products.
UBS, Credit Suisse and Deutsche Bank have thrown their weight behind a bid to derail the sale of Virgin Australia to private equity firm Bain Capital, documents filed Tuesday in an Australian court show.
Payments infrastructure startup Finix said its transaction volume shot up by 450% in the second quarter of 2020 compared to the same period last year as the coronavirus pandemic accelerated a consumer shift toward online payments.
A Bain Capital executive told analysts that the European and Australian economies appear to be recovering more quickly than the U.S. economy, as the country grapples with a resurgence of coronavirus cases and states roll back reopenings.
Bain Capital said it would slash its dividend for the first time in over two years as the private equity and venture capital firm posted a 6% year-over-year decline in net investment income to $20 million.
The fintech unit of Singapore-based ride-hailing company Grab said Tuesday it is rolling out a slew of financial products for consumers, including its first micro-investment product, as competition in the digital financial services space heats up in Southeast Asia.
Japanese e-commerce platform hey said Tuesday that it secured a Series E investment led by Bain Capital as a means to fuel growth and also disclosed its acquisition of reservation tech platform Coubic.
Bain Capital portfolio business Cerevel Therapeutics said Thursday it will be bought and taken public by a special purpose acquisition company, making it the latest in a wave of ventures accessing the public equity markets through blank-check vehicles.
Bain Capital Credit said Thursday that it completed its acquisition of the former Hypo Alpe Adria Bank from the government of Austria, a move that will help strengthen the firm’s presence in the Italian nonperforming loans market.
A new fintech partnership will allow JPMorgan Chase’s asset unit, one of the largest in the world, to offer clients a new, partially automated way to manage their liquid holdings after COVID-19 spiked market volatility worldwide.
A group of former advisers from JPMorgan, Bain Capital and Standard Life have teamed up to launch an online platform designed to help small institutional and private investors buy into private equity deals.