Bain Capital

Valeo Foods Group Acquires Leading Italian Bakery Company Dal Colle

Retrieved on:

onsdag, maj 29, 2024

Other Consumer, Food, Beverage, Consumer, Other Retail, Retail, Honey, Snack, Bain Capital, IDP, Growth, Valeo Foods, Acquisition, Multimedia, History, Baking

Valeo Foods Group (“Valeo Foods” or “The Group”), one of Europe’s leading producers of quality sweets, treats and snacks, has completed the process to acquire assets of a renowned Italian producer of high-quality bakery products, Dal Colle.

Key Points:

Valeo Foods Group (“Valeo Foods” or “The Group”), one of Europe’s leading producers of quality sweets, treats and snacks, has completed the process to acquire assets of a renowned Italian producer of high-quality bakery products, Dal Colle.
View the full release here: https://www.businesswire.com/news/home/20240529721501/en/
Ronald Kers, CEO of Valeo Foods Group (Photo: Business Wire)
With a history and heritage dating back 120 years, Dal Colle produces a range of bakery products, sweet treats and snacks for every occasion including Pandori, Panettoni and Croissants.
Ronald Kers, CEO of Valeo Foods Group, said: "Dal Colle is a fantastic addition to the Valeo Foods portfolio which already boasts many of Europe’s finest and most established brands, with deep heritage and connections with consumers.
Valeo Foods Group is owned by leading global investment firm Bain Capital.

Bain Capital Specialty Finance, Inc. Increases and Extends Its Revolving Credit Facility

Retrieved on:

onsdag, maj 22, 2024

Banking, Professional Services, Finance, Sumitomo Mitsui Banking Corporation, Credit, Bain Capital, Bank

Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) announced today that it has increased commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation as administrative agent (the “Sumitomo Credit Facility”) to $855 million from $665 million and extended the maturity date to May 18, 2029 from December 24, 2026.

Key Points:

Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) announced today that it has increased commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation as administrative agent (the “Sumitomo Credit Facility”) to $855 million from $665 million and extended the maturity date to May 18, 2029 from December 24, 2026.
The total number of lenders to the Sumitomo Credit Facility increased to 14.
There was no change in borrowing costs in connection with the amendment of the Sumitomo Credit Facility.
“We are pleased to grow the size of our credit facility by attracting new lenders to our platform and extending the maturity,” said Michael Ewald, Chief Executive Officer of BCSF.

Dessert Holdings Acquires Kenny’s Great Pies

Retrieved on:

onsdag, maj 15, 2024

Dessert Holdings ®, North America’s premium dessert company, today announced that it has acquired Kenny’s Great Pies (“Kenny’s” or “the Company”), a premier manufacturer of high quality, clean label, cream-based pies from Kaho Partners.

Key Points:

Dessert Holdings ®, North America’s premium dessert company, today announced that it has acquired Kenny’s Great Pies (“Kenny’s” or “the Company”), a premier manufacturer of high quality, clean label, cream-based pies from Kaho Partners.
The acquisition will complement Dessert Holdings’ existing platform of premium dessert brands serving retail and food service customers.
“Kenny’s clean label, flavorful pies are complementary to our portfolio of premium desserts,” said Paul Lapadat, Chief Executive Officer of Dessert Holdings.
Dessert Holdings is excited to supplement these relationships and expand the Company’s distribution network.”
Dessert Holdings’ varied portfolio of premium dessert brands includes Steven Charles, The Original Cakerie, Lawler’s, Atlanta Cheesecake Company, and Dianne’s Fine Desserts.

Technology-Enabled Professional Services Firm Sikich Secures $250 Million Minority Growth Investment from Bain Capital

Retrieved on:

torsdag, maj 9, 2024

Professional Services, Finance, Fintech, Asset Management, Consulting, Accounting, Organization, LLP, Bain Capital, Kirkland & Ellis, Rudy Sikich, Growth, Holland & Knight, Partner

Sikich LLC, a global technology-enabled professional services company, today announced it has received a minority growth investment of $250 million from Bain Capital.

Key Points:

Sikich LLC, a global technology-enabled professional services company, today announced it has received a minority growth investment of $250 million from Bain Capital.
This investment positions Sikich to leverage Bain Capital’s deep resources while accelerating continued and aggressive growth, enhancing operational excellence and cementing its professional services leadership position in an industry undergoing rapid consolidation.
Sikich maintains majority control of the company and its existing executive and leadership teams, led by Chief Executive Officer, Christopher Geier.
Kirkland & Ellis LLP and Hunton Andrews Kurth LLP acted as legal advisors for Bain Capital.

Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation

Retrieved on:

torsdag, maj 2, 2024

TEL, Investment, ARR, Sapphire Ventures, Macquarie Group, Partnership, Senior advisor, Growth, Data science, Fund, Behavior, Bain Capital, Partner, Fraud, Management

NEW YORK and TEL AVIV, Israel, May 2, 2024 /PRNewswire/ -- BioCatch (the "Company"), the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced that Permira Growth Opportunities II (the "Fund"), a fund advised by global private equity firm Permira, has agreed to acquire a majority position in the Company. Alongside the Fund's investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch. The transaction is expected to accelerate the Company's global expansion, advance its innovative product roadmap and support its continued overall growth.

Key Points:

Alongside the Fund's investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch.
Under the terms of the agreement, the Fund will acquire a majority stake in BioCatch, buying out shares primarily from Bain Capital Tech Opportunities and Maverick Ventures, in a secondary transaction valuing the Company at a total enterprise valuation of $1.3bn.
Gadi Mazor, CEO of BioCatch, added: "After building a strong partnership with Permira over the last year, we are delighted to welcome them as majority shareholders.
After a successful first year, we are delighted to take a majority stake in the business as it continues to grow at scale.

Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation

Retrieved on:

torsdag, maj 2, 2024

TEL, Investment, ARR, Sapphire Ventures, Macquarie Group, Partnership, Senior advisor, Growth, Data science, Fund, Behavior, Bain Capital, Partner, Fraud, Management

NEW YORK and TEL AVIV, Israel, May 2, 2024 /PRNewswire/ -- BioCatch (the "Company"), the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced that Permira Growth Opportunities II (the "Fund"), a fund advised by global private equity firm Permira, has agreed to acquire a majority position in the Company. Alongside the Fund's investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch. The transaction is expected to accelerate the Company's global expansion, advance its innovative product roadmap and support its continued overall growth.

Key Points:

Alongside the Fund's investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch.
Under the terms of the agreement, the Fund will acquire a majority stake in BioCatch, buying out shares primarily from Bain Capital Tech Opportunities and Maverick Ventures, in a secondary transaction valuing the Company at a total enterprise valuation of $1.3bn.
Gadi Mazor, CEO of BioCatch, added: "After building a strong partnership with Permira over the last year, we are delighted to welcome them as majority shareholders.
After a successful first year, we are delighted to take a majority stake in the business as it continues to grow at scale.

Ten Oaks Group Welcomes Bennett Cook and Alex Ney as Operating Partners

Retrieved on:

onsdag, maj 1, 2024

Sale, CFO, EY, Software as a service, Private equity, Cornell University, CPA, Indiana University, Operating partner, Record, MBA, Colgate University, Bain Capital, Growth

CHARLOTTE, N.C., May 1, 2024 /PRNewswire/ -- Ten Oaks Group, a leading family office specializing in corporate carve-outs, is excited to announce the appointment of Bennett Cook and Alex Ney as Operating Partners.

Key Points:

CHARLOTTE, N.C., May 1, 2024 /PRNewswire/ -- Ten Oaks Group, a leading family office specializing in corporate carve-outs, is excited to announce the appointment of Bennett Cook and Alex Ney as Operating Partners.
Alex Ney brings a strong background in financial advisory and operational improvement to Ten Oaks Group.
"We are delighted to welcome Bennett and Alex to the Ten Oaks team," said Curtis Griner, Managing Partner at Ten Oaks Group.
The addition of Bennett Cook and Alex Ney as Operating Partners underscores Ten Oaks Group's commitment to strengthening its operational capabilities and driving the value creation process at the company's portfolio companies.

OpenText Completes Divestiture of Application Modernization and Connectivity (AMC) Business to Rocket Software for $2.275B

Retrieved on:

onsdag, maj 1, 2024

Cloud, Fiscal, AI, OpenText, TSX, Information management, Tax, Rocket Software, Security, Bain Capital, Growth

WATERLOO, ON, May 1, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has successfully completed the divestiture of its AMC/Mainframe business to Rocket Software, Inc., a Bain Capital portfolio company ("Rocket Software"), for $2.275 billion in cash before taxes, fees and other adjustments.

Key Points:

WATERLOO, ON, May 1, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has successfully completed the divestiture of its AMC/Mainframe business to Rocket Software, Inc., a Bain Capital portfolio company ("Rocket Software"), for $2.275 billion in cash before taxes, fees and other adjustments.
"We are pleased to complete the divestiture of our AMC/Mainframe business to Rocket Software," said Mark J. Barrenechea, OpenText CEO & CTO.
"We intend to use the net proceeds from the divestiture to reduce our debt by $2 billion and lower our net leverage ratio to under 3x.
Additional details on the impact of the divestiture to the remainder of Fiscal 2024 will be outlined as part of the Company's quarterly earnings results scheduled for May 2, 2024.

GrowthCap Announces The Top 25 Healthcare Investors of 2024

Retrieved on:

onsdag, maj 1, 2024

Dai, Advent International, Oak, Bain Capital, Spectrum, TPG, Health care, Summit Partners, JMI, Spectrum Equity, Silversmith Capital Partners, Biotechnology, Insight Partners, McKesson Corporation, Pharmaceutical industry

NEW YORK, May 1, 2024 /PRNewswire-PRWeb/ -- GrowthCap is pleased to announce The Top 25 Healthcare Investors of 2024. In our fourth year running this awards process, we continue to be amazed by the caliber of the nominee pool and the professional accomplishments they have achieved.

Key Points:

GrowthCap is pleased to announce The Top 25 Healthcare Investors of 2024.
NEW YORK, May 1, 2024 /PRNewswire-PRWeb/ -- GrowthCap is pleased to announce The Top 25 Healthcare Investors of 2024.
To be selected, nominees must demonstrate expertise and success investing in healthcare, whether in healthcare software, healthcare services, medical technologies, biotechnology, the connected patient experience, or other related areas.
Please join us in recognizing and celebrating the achievements of The Top 25 Healthcare Investors of 2024.

CNH NAMES GERRIT MARX AS CEO: Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan

Retrieved on:

söndag, april 21, 2024

Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan

Key Points:

Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan
CNH Industrial N.V. (NYSE:CNHI) announces the appointment of Gerrit Marx to the role of CEO effective July 1, 2024.
He succeeds Scott Wine, whose request to leave the Company at the end of the current three-year business plan cycle to pursue other interests, has been accepted by the Board.
He has also chaired Iveco’s powertrain business overseeing its transition to alternative propulsion systems.
For more information and the latest financial and sustainability reports visit: cnh.com
For news from CNH and its Brands visit: media.cnh.com