-
Bain Capital Goes Big In EdTech: PowerSchool Acquisition Valued At $5.6B
Friday, June 7, 2024 - 11:36am | 348Private equity firm Bain Capital is buying PowerSchool Holdings (NYSE:PWSC) for $5.6 billion. PowerSchool’s stockholders will receive $22.80 per share in cash — a 37% premium over the unaffected share price of $16.64 on May 7 (the last trading day before news broke of the deal). Vista Equity...
-
Global Giants KKR, Bain Capital Target Asia's Rising Data Center Space Amid AI, Cloud Services Upswing
Monday, January 15, 2024 - 4:02am | 746Global investors are turning their attention to Asia, lured by the region’s soaring computing and data storage needs, driven primarily by the surge in artificial intelligence (AI) and cloud services. Private equity firms KKR & Co Inc (NYSE:KKR) and Bain Capital ...
-
Hot But Undervalued Chindata Attracts Owner-Led Buyout Bid
Wednesday, June 14, 2023 - 11:56am | 1278Key Takeaways: Bain has offered to pay $8 per ADS for the remaining shares it doesn’t already own in Chindata, about 27% higher than the stock’s closing price the day before the announcement The offer comes after Chindata reportedly attracted takeover interest from a number of other...
-
Bain Capital Launches $560M Crypto Fund Focused On DeFi, Web3 And Liquid Tokens
Wednesday, March 9, 2022 - 12:52am | 394Bain Capital Ventures (BCV), the venture capital arm of Bain Capital, has launched a $560 million fund focused on the cryptocurrency space. What Happened: Bain Capital’s Crypto Fund I will exclusively focus on investing in early-stage cryptocurrency protocols operating in...
-
Precision Oncology-Focused Biotech Nuvalent Files For $100M IPO
Wednesday, July 7, 2021 - 2:28pm | 307Less than six months after emerging from stealth, the Deerfield-backed biotech Nuvalent (NASDAQ: NUVL) is already prepping a Nasdaq debut. Nuvalent filed its S-1 IPO prospectus with the SEC, penciling in the $100 million raise. It’s also a big win for Deerfield, which...
-
MediPharm Labs Inks Exclusive Supply Agreement With Germany's STADA
Monday, October 5, 2020 - 5:44pm | 283Medical cannabis company MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) agreed to supply GMP-certified medical cannabis products to German pharmaceutical giant Stada Arzneimittel AG. Under the agreement, MediPharm will also provide manufacturing, logistics, and regulatory support. The partnership...
-
Roper Technologies In Talks To Buy Insurance Software Firm Vertafore For $5.5B: Report
Monday, August 10, 2020 - 2:00am | 305Software company Roper Technologies Inc. (NYSE: ROP) is in negotiations to purchase Vertafore Inc for nearly $5.5 billion, Reuters reported Sunday. What Happened The Vista Equity Partners- and Bain Capital-owned Vertafore, a software vendor to the insurance industry, would be the largest...
-
Bain Capital To Invest In Atlas Air's Aircraft Leasing Unit
Wednesday, December 18, 2019 - 3:10pm | 580Investment firm Bain Capital Credit will invest an initial $360 million in a joint venture with Atlas Air Worldwide Holdings (NASDAQ: AAWW), a major provider of outsourced all-cargo aircraft operations and other aviation services, to lease freighter aircraft, the companies said Wednesday. Under...
-
Thoma Bravo Expressed Interest In Buying Symantec, Cybersecurity Stocks Move Higher
Tuesday, November 6, 2018 - 2:11pm | 404Shares of American software company Symantec Corp. (NASDAQ: SYMC) were surging nearly 14 percent Tuesday on M&A talk. What Happened Private equity firm Thoma Bravo has expressed interest in acquiring Symantec, according to Reuters, which cited unnanmed sources. In September...
-
How The Toys R Us Bankruptcy Will Be Different From KB Toys
Monday, October 2, 2017 - 7:57am | 1564In the 1980s, Toys R Us was gobbling market share in the golden age of brick and mortar. In the 1990s, soaring profits fueled its expansion both in the U.S. and abroad. But on Sept. 19, the once redoubtable retailer filed for Chapter 11 bankruptcy protection, submitting to a heavy debt burden amid...
-
Toy Stocks Fall On News Of Potential Toys R Us Bankruptcy
Wednesday, September 6, 2017 - 3:39pm | 347Toyland is in trouble. Hasbro, Inc. (NASDAQ: HAS), Mattel, Inc. (NASDAQ: MAT) and JAKKS Pacific, Inc. (NASDAQ: JAKK) each plunged about 2 percent Wednesday on news that Toys R Us hired restructuring lawyers to help address about $400 million in debt and potentially file for bankruptcy. The national...
-
Toshiba's Chips Are Past Their Sell-By Date, And Investors Are Buying American
Wednesday, June 28, 2017 - 10:24am | 529Turmoil in Japan has semiconductor stocks on the move, as Toshiba faces pressure on two fronts over the sale of its highly-prized chip business. The company failed to sell the business by Wednesday, a self-imposed deadline coinciding with its annual shareholder meeting. The Offers Toshiba had no...
-
Toshiba Sues Western Digital For $1 Billion In Dispute Over Chip Business
Wednesday, June 28, 2017 - 9:06am | 446Toshiba Corp. has sued California-based Western Digital Corp (NASDAQ: WDC) for $1 billion for purportedly interfering with the struggling Japanese company’s plans to sell off its lucrative flash memory unit. Toshiba, teetering on the brink of death after an ill-fated foray into nuclear power...
-
Like A Caveman Ogling An iPhone, Harley Eyeing Purchase Of Ducati
Thursday, June 22, 2017 - 12:42pm | 447In what many motorcycle enthusiasts would consider a marriage made in hell, Harley-Davidson Inc (NYSE: HOG) is considering buying Italian motorcycle manufacturer Ducati, the epitome of elegant engineering and sophisticated styling. Harley, which makes loud and comparatively brutish motorcycles, is...
-
Canada Goose Could Be The Biggest Apparel IPO Since Lululemon
Tuesday, February 14, 2017 - 5:12pm | 266Canada Goose Inc. known for its trademark $900 Parka with coyote fur-lined hoods, has confidentially for an IPO that is expected to value the company at $2 billion. The move by the Toronto-based brand marks the first retailer to go public on a U.S. exchange in over a year. Canada Goose plans to...