City Bain Financial News

Failed cancer care provider GenesisCare, which entered Chapter 11 in June, says its lender group has extended up to $US68 million ($104 million) in new financing to help keep the business running as it aims to emerge from bankruptcy protection in January.

by Shirin Ghaffary

By Abigail Summerville

The Transport Workers Union has ratcheted up pressure on Virgin Australia over pay agreements as the airline resumes plans to re-list, with another group of workers raising the prospect of strikes before Christmas.

Dennis Bastas, the billionaire businessman behind the country’s largest generic drug supplier, is one of several parties in the final stages of the auction of BWX’s skincare brand Sukin and its production site.

Adani Capital last week raised 100 crore through the issuance of non-convertible debentures with a coupon rate of 9.65% and a three-year tenor set to mature on November 6, 2026. These debentures, with a face value of 1 lakh each, will offer a quarterly interest payment schedule, with the bond offering categorised as secured, rated, listed, fully paid up, redeemable, and transferable non-convertible debentures. The bond issuance went through bidding on November 3, at the BSE with the pay-in date set for November 6.

While Treasury Wine Estates has successfully ruled off a chunky cash call to buy the $1.6 billion Daou Vineyards, the country’s second-largest producer has had less reason to be cheerful.

Waystar, which was set to launch its initial public offering (IPO) roadshow to pitch investors this week, has now delayed it until at least December, the Wall Street Journal reported on Tuesday. Reuters reported in August that Louisville, Kentucky-based Waystar was eyeing an IPO that could value the company at as much as $8 billion, including debt. The company will likely wait until 2024, the Journal's report added, citing people familiar with the matter. Waystar did not immediately comment on the report. Waystar, which provides software that helps hospitals and clinics manage their finances, has said it intends to list its common stock on the Nasdaq under the symbol «WAY». The company was formed in 2017 through the merger of Navicure and ZirMed. The company develops payment software helping clients such as large hospital systems with the collection of bills from patients. Waystar made its IPO filing public in October after confidentially filing it in August, joining a wave of new listings that followed a months-long dry spell wrought by high interest rates and fears of a recession. Still, hopes of the new listings — including those of chip designer Arm, and grocery delivery app Instacart — buoying the IPO market were dashed after the stocks fell below their IPO price soon after debut. Earlier this month, Birkenstock's shares ended more than 12% below its IPO price in an underwhelming Wall Street debut that signaled investors remain cautious about new listings. Waystar was valued at $2.7 billion when EQT and CPPIB acquired a majority stake in the company in 2019 from Bain Capital, which stayed on as a minority investor.

Investing.com — Here is your Pro Recap of 5 head-turning deal dispatches you may have missed last week: Chevron to buy Hess for $53 billion, Vista Equity Partners to pick up EngageSmart, Roche to buy Telavant Holdings from Roivant and Pfizer , Western Digital drops on 'scrapped' merger, and Forward Air seeks to terminate disastrous Omni merger.

It was November 2021, and Judo Bank was riding high.

TOKYO (Reuters) — Western Digital Corp (NASDAQ:WDC) and Japan's Kioxia Holdings have broken off talks to create one of the world's biggest chipmakers, the Nikkei newspaper reported on Thursday.

Shares of Western Digital (NASDAQ:WDC) plunged intra-day Thursday following reports from Nikkei indicating that the company's proposed merger with Kioxia had been scrapped after it couldn't gain approval from large shareholders SK hynix (KS:000660) and Bain Capital.

BEIJING/SYDNEY (Reuters) — Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as the U.S. firm looks for investment opportunities in manufacturing park assets in China.

(Reuters) -Virgin Australia said on Tuesday it was in talks with its ground staff for a new deal after a union alleged that the carrier was not honouring its payment commitments to ground and cabin crew.

domestic market and in Brazil. Consolidated net profit was 3.86 billion rupees ($46.4 million) for the quarter ended Sept. 30, compared with 3.12 billion rupees a year earlier. Analysts, on average, estimated a profit of 3.87 billion rupees, as per LSEG data.

Virgin Australia’s chief development officer David Marr, the executive tasked with leading the airline’s mooted IPO, has stepped down from the role.

Fresh from its $838 million takeover of aged care operator Estia Health, Bain Capital is back for another piece of the pie.

Local fund managers seem to agree on five things they want from Virgin Australia boss Jayne Hrdlicka when it comes to the airline’s looming initial public offering.

Bengaluru: A few months back, American asset manager Blackstone Inc., India’s largest office landlord with about 111 million sq ft of office space under its belt, wanted to sell half the stake it holds in two office portfolios developed by Pune-based builder Panchshil Realty and Bengaluru-based Sattva Group. Blackstone’s talks on the stake sale with GIC Pvt Ltd, Singapore’s sovereign wealth fund, fell through. In a similar story, again this year, Blackstone wanted to sell part of its stake in Embassy Office Parks REIT.

Qantas chairman Richard Goyder and new chief executive Vanessa Hudson will front up at a Senate inquiry into aviation landing rights on Wednesday but former boss Alan Joyce will not appear until he returns from overseas.

Reuters quoted two sources on Monday. The development revives the listing plans for the pharmaceutical company which it shelved in 2022 as Russia's invasion of Ukraine disrupted global markets.