City Bain Financial News

06.08 / 04:07

UPS Entertainment star poker play Distressed debt behemoths team up for Star Entertainment refi play

Oaktree Capital, the special situations specialist which has repeatedly tried to get into Australia’s wagering industry, is working with Bain Capital on one of the hottest refinancing deals of the year – Star Entertainment.

02.08 / 14:19

BLOCK Bain Capital offers 7.9 crore L&T Finance shares in block trade: Report

₹128.1 per share, reported CNBC TV-18. The US-based investment firm seeks $123 million through the block deal. TCOPY IS BEING UPDATEDGet the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

25.07 / 05:01

performer country private credit India’s Piramal plans to raise $1.5bn for private credit

Piramal Alternatives plans to raise $1.5 billion for investment in India’s high-yield companies via private credit, according to its chief executive officer. The unit of Piramal Group, which is controlled by billionaire Ajay Piramal, has four existing private credit funds that together have raised $4 billion, said Kalpesh Kikani, managing director and chief executive officer at Piramal Alternatives.

25.07 / 02:47

UPS IPO Lowe's FIVE Airlines awards Virgin workers tell Bain they want shares in IPO

Virgin Australia workers have ramped up their campaign for better conditions and a bid to secure shares in its initial public offering.

23.07 / 17:03

CEO Assurant stake Bain to buy 90% stake in Adani Capital and Adani Housing

By Akanksha Khushi

23.07 / 16:07

Reuters CEO stake Bain Capital to acquire 90% stake in Adani Capital, Adani Housing

Bain Capital, the US-based investment company, announced on July 23 that it has signed a pact to acquire 90% of Adani Capital and Adani Housing. Under the deal, Bain will buy out all of the Adani family's private investments in the company.

23.07 / 14:37

UPS IPO Target stake Bain Capital to buy out 90% stake in Adani Capital, Adani Housing

Bain Capital has also committed $120 million in primary capital to facilitate the company’s ongoing growth. “I have known Gaurav since his days as an investment banker," said Gautam Adani, the chairman of Adani Group. “He wanted to become an entrepreneur and I backed him.

23.07 / 09:39

UPS IPO Target Enterprise stake Bain Capital in advanced talks to buy 90% stake in Adani shadow bank: Report

Gaurav Gupta, will retain the remaining 10% stake in the firm, and Bain Capital will invest another 10 billion rupees to grow the business, according to the report by Business Standard. The management owns 10% stake in the company while billionaire Gautam Adani owns approximately 90 per cent. According to a report by India Today, Bain Capital has surpassed Carlyle to emerge as the frontrunner in the acquisition process.

20.07 / 21:03

COST IPO Target Airlines ICE UBS Bain Capital’s IPO candidate Virgin Australia mulls corporate job cuts

Redundancies are on the cards at the Brisbane headquarters of Bain Capital’s big IPO candidate Virgin Australia. The airline is preparing to haul in its general managers and issue an exit target for their respective business lines. Managers will be given several weeks to generate a plan.

19.07 / 11:07

COST Provident Target Reuters Platform Pool Bain Capital raises $1.15 billion for first fund dedicated to insurance investments

By David French

19.07 / 09:05

UPS Provident Subway show beautiful Dress for success: American buyout giant tries on Zimmerman for size

Zimmermann is about to hit the catwalk. Street Talk can reveal Advent International, which has a portfolio of retail investments and made a motza backing Lululemon Athletica, has lobbed an unsolicited bid for the Australian fashion powerhouse, founded by Nicky and Simone Zimmermann.

17.07 / 01:43

UPS Booking Bain frontrunner to buy Adani Capital for Rs 1500 crore

Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani's seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based billionaire looks to realign his business interests and focus on core infrastructure by conserving cash, said people directly involved. ET was the first to report July 10 that three private equity (PE) groups, including the aforementioned two and Cerberus Capital Management, were in the final lap of the process. Adani Capital's management — led by former Lehman Brothers and Macquarie investment banker Gaurav Gupta, who joined the conglomerate in 2016 — owns around 10% of the company.

15.07 / 18:33

PE Firms invest $1.8 b in office sector in first 6 months this year

Notably, the office sector dominated the total inflows during this period with a commanding 74% share, while the residential sector trailed with a mere 12% share. Prominent global funds such as GIC, CapitaLand India Trust, Bain Capital, CPPIB, and PAG Credit and Markets were actively engaged in the market, finalising significant deals.

12.07 / 11:55

UPS IPO Booking Platform UBS Fundies say IPO hopefuls hard to assess given pandemic profit mayhem

As Australia’s IPO train pulls away from the station, one key issue keeps cropping up: pandemic-driven profits.

11.07 / 17:25

Aware Enterprise Adani Enterprises raises ₹1,250 crore via allotment of NCDs; check details

Adani Enterprises announced on July 11 that it has raised ₹1,250 crore through the allotment of non-convertible debentures (NCDs). “We would like to inform that the company has raised Rs. 1,250 crore today i.e.

11.07 / 14:25

Provident Aware Power Adani Group to offer bids for Anil Ambani-owned bankrupt coal power plants

Bloomberg reported quoting people aware of the matter. Adani Group may face intense competition for Vidarbha Industries Power Ltd which operates 600-megawatt generation facilities in central India, the report added. Adani Group's successful bid for the power plant would add to its expanding portfolio of coal power projects.

11.07 / 14:11

Man Adani weighs bid for Anil Ambani’s bankrupt coal plants

Gautam Adani is weighing a bid for the coal-fired power plants belonging to beleaguered Indian tycoon Anil Ambani that are currently being auctioned by an Indian bankruptcy court, according to people familiar with the matter. Adani, fresh from a $2.8 billion capital raising, may face intense competition for Vidarbha Industries Power Ltd., which operates the 600-megawatt generation facilities in central India, according to the people, who asked not to be identified as the plans are private.

11.07 / 02:23

UPS CEO Stocks in news: Vedanta, Vadilal, SBI Cards, JSW Steel, Motherson Sumi Wiring

VedantaAfter Taiwan's Foxconn withdrew from a $19.5 billion semiconductor JV with Vedanta, Agarwal's metals-to-oil conglomerate responded by saying it was «fully committed to its semiconductor fab project and we have lined up other partners to set up India's first foundry.Vadilal IndustriesVadilal Industry has clarified on reports that Bain Capital is looking to buy a stake in the company. It said there is no such information.Read more:What changed the market while you were sleepingSBI CardsRama Mohan Rao Amara, Managing Director & CEO has tendered his resignation from directorship of the company with effect from August 11.

10.07 / 10:23

UPS Lowe's FIVE Enterprise reports stake Ice-cream maker Vadilal jumps over 14% on reports that Bain Capital is weighing stake buy

Vadilal Industries soared over 14% in intraday trade on Monday following reports that Bain Capital is looking to buy a stake in the company. The stock was last trading at Rs 3189.20, up 14.92% from the previous close on BSE. So far this year, the shares have risen nearly 19% on a year-to-date basis.

03.07 / 13:15

UPS IPO MET FIVE UBS Bankers dust off IPO candidates as Redox debuts on ASX

ECM teams, warm up your engines. The IPO market may be creaking open after 18 months – depending on how Redox ends its first day of trading.

19.04 / 12:53

UPS Subway Sky News Deal Advent, Bain and TPG show appetite for Subway deal

A trio of buyout giants are reportedly teaming up to explore a joint bid for sandwich chain Subway.

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