Bain Capital

iManage Enters 2024 with Impressive Customer Growth, Driven by Unprecedented Investments in Its Platform, From AI to Strategic Partnerships

Retrieved on: 
Wednesday, March 13, 2024
Knowledge, Cloud, Microsoft, K&L Gates, Organization, Growth, ServiceNow, Partnership, Motion, AI, Travers Smith, Bain Capital, Legal technology, Video game

Growth is driven by a continued shift to iManage Cloud, a modern cloud-native platform that empowers knowledge workers to collaborate and be productive from anywhere, on any device, safely and securely.

Key Points: 
  • Growth is driven by a continued shift to iManage Cloud, a modern cloud-native platform that empowers knowledge workers to collaborate and be productive from anywhere, on any device, safely and securely.
  • Building on deep experience with AI technologies, iManage is delivering the platform and technology infrastructure to enable customers to leverage AI securely and responsibly.
  • “We’re excited about iManage Insight+ and seeing how we can adapt that to our needs.”
    Additionally, iManage will be devoting significant energy to partnerships in 2024.
  • “In 2023, iManage celebrated another remarkable year of helping organizations around the world to make knowledge work,” said Neil Araujo, iManage CEO and co-founder.

Emerald Bay Risk Solutions Launches with Strategic Investment from Bain Capital Insurance

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Insurance, Finance, Emerald, McDermott Will & Emery, Longevity, Property, Liberty Mutual, Partnership, General counsel, Business development, Head, Record, QRE, DeBevoise, Martha Plimpton, Amazon Web Services, Bain Capital, AM Best, Excess, Multimedia, Lead, MGA

Emerald Bay Risk Solutions (“Emerald Bay” or the “Company”), a collaborative underwriting carrier, today announced its formal launch with a significant strategic investment from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.

Key Points: 
  • Emerald Bay Risk Solutions (“Emerald Bay” or the “Company”), a collaborative underwriting carrier, today announced its formal launch with a significant strategic investment from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.
  • Emerald Bay is an innovative program specialist that seeks to create an alignment of interests across the entire risk value chain through integrated solutions and disciplined underwriting enhanced by a proprietary data-driven technology platform.
  • Emerald Bay begins operations with a strong financial foundation, having secured a rating of “A-“ Stable, Financial Size category VIII, from AM Best.
  • Bain Capital Insurance was advised by McDermott Will & Emery and Debevoise & Plimpton LLP.

Maesa Names Patricia Huet Chief Human Resources Officer

Retrieved on: 
Friday, March 22, 2024
Cosmetics, Retail, Professional Services, Human Resources, Beauty, HR, Multimedia, Acquisition, Culture, Workplace, Growth, Bain Capital, Management

Maesa, the world’s #1 beauty incubator in mass and a Bain portfolio company, is pleased to announce the appointment of Patricia Huet as its new Chief Human Resources Officer.

Key Points: 
  • Maesa, the world’s #1 beauty incubator in mass and a Bain portfolio company, is pleased to announce the appointment of Patricia Huet as its new Chief Human Resources Officer.
  • Huet will spearhead global human resources management for Maesa, focusing on enhancing employee engagement and contributing to company’s continued growth.
  • As Chief Human Resources Officer, Huet will oversee people strategy, culture development, and workplace diversity and inclusivity worldwide for Maesa.
  • “I am honored to join Maesa as Chief Human Resources Officer and lead our global HR organization, partnering closely with Piyush, his dynamic leadership team and Bain Capital,” said Huet.

EcoCeres Appoints Matti Lievonen as Executive Chairman

Retrieved on: 
Monday, March 11, 2024
Climate change, Organization, Growth, Life, Carbon, Matti, Bain Capital, Neste, SSAB, Biomass

HONG KONG, March 11, 2024 /PRNewswire/ -- EcoCeres Inc. ("EcoCeres") is pleased to announce the appointment of Mr. Matti Lievonen as the executive chairman of EcoCeres, effective January 29, 2024, heading the Board of Directors of EcoCeres.

Key Points: 
  • HONG KONG, March 11, 2024 /PRNewswire/ -- EcoCeres Inc. ("EcoCeres") is pleased to announce the appointment of Mr. Matti Lievonen as the executive chairman of EcoCeres, effective January 29, 2024, heading the Board of Directors of EcoCeres.
  • "We are thrilled to have Matti Lievonen to join EcoCeres as the executive chairman.
  • Matti Lievonen is a prominent and well-respected Finnish business executive known for his contributions to the energy sector with an illustrious career spanning several decades.
  • Prior to joining Neste, Lievonen held various executive positions at Finnish UPM Biofore Corporation.

SoftwareOne Founding Shareholders provide update on group acting in concert with Bain Capital

Retrieved on: 
Wednesday, March 13, 2024
Growth, SIX Swiss Exchange, EGM, Bain Capital

The group (which is separate from the founding shareholders group) was made public, and notified to SIX Swiss Exchange, in June 2023 to make transparent to the capital market that Bain Capital and the founding shareholders were jointly pursuing an offer for SoftwareOne.

Key Points: 
  • The group (which is separate from the founding shareholders group) was made public, and notified to SIX Swiss Exchange, in June 2023 to make transparent to the capital market that Bain Capital and the founding shareholders were jointly pursuing an offer for SoftwareOne.
  • This left the founding shareholders with no choice but to dissolve the group.
  • The founding shareholders expressly reserve the right to take legal action against the current Board and individual members.
  • The founding shareholders reiterate that SoftwareOne needs new leadership at Board level.

Blackpoint Cyber Introduces Community Protection Program

Retrieved on: 
Wednesday, March 6, 2024
Dark, BCPP, Managed services, F12, NFR, MSP, Risk, Bain Capital, SOC

ELLICOTT CITY, Md., March 06, 2024 (GLOBE NEWSWIRE) -- Blackpoint Cyber (Blackpoint), the leading provider of world-class cybersecurity solutions, today announced the new Blackpoint Community Protection Program (BCPP).

Key Points: 
  • ELLICOTT CITY, Md., March 06, 2024 (GLOBE NEWSWIRE) -- Blackpoint Cyber (Blackpoint), the leading provider of world-class cybersecurity solutions, today announced the new Blackpoint Community Protection Program (BCPP).
  • Blackpoint was the first cybersecurity company to discover and validate this issue, quickly recommending that customers patch and upgrade to the new version.
  • Threat Assessment Summary – monthly, comprehensive reports showing exposures across the attack surface so MSPs can provide proactive protection to their clients.
  • Blackpoint University – The only ‘MBA for MSPs’ program, launched new courses that deliver practical advice from industry and domain experts on how to sell, promote, and scale a business effectively.

VXI Global Solutions Welcomes Frank Yao as President and Chief Commercial Officer

Retrieved on: 
Wednesday, February 21, 2024
BPO, Growth, VXI, LOS, CX, Bain Capital, Partnership, Sales

LOS ANGELES, Feb. 21, 2024 /PRNewswire-PRWeb/ -- VXI Global Solutions, a leading provider of customer experience (CX) and business process outsourcing (BPO) solutions, announced today it has appointed Frank Yao as President, and Chief Commercial Officer.

Key Points: 
  • LOS ANGELES, Feb. 21, 2024 /PRNewswire-PRWeb/ -- VXI Global Solutions, a leading provider of customer experience (CX) and business process outsourcing (BPO) solutions, announced today it has appointed Frank Yao as President, and Chief Commercial Officer.
  • "With Frank at the helm of our company and commercial strategy, VXI is poised to enter an era of unparalleled growth and transformation."
  • In this new role, Frank will assume global responsibilities for the company's commercial strategy and execution.
  • Frank Yao's appointment underscores VXI Global Solutions' commitment to strategic leadership and continuous growth as a market leader in customer experience management solutions.

Hometap Surpasses $1 Billion in Home Equity Investments

Retrieved on: 
Tuesday, February 13, 2024
Technology, Other Professional Services, Finance, Other Construction & Property, Residential Building & Real Estate, Electronic Commerce, Professional Services, Construction & Property, Other Technology, Software, Internet, Fintech, Data Management, Security, ICONIQ Capital, Investment, HEI, Growth, Life, Bain Capital, Electron capture, Dashboard, Housing, Insurance

Hometap , the Boston-based financial technology company pioneering debt-free home equity financing for American homeowners, announced today that they have deployed more than $1 billion in home equity investment (HEI) products.

Key Points: 
  • Hometap , the Boston-based financial technology company pioneering debt-free home equity financing for American homeowners, announced today that they have deployed more than $1 billion in home equity investment (HEI) products.
  • The milestone, which was officially reached in January 2024, encompasses over 10,000 HEI issuances since Hometap was founded in 2017.
  • More than $730 million has been deployed since 2022, better enabling homeowners to pay down debt, fund home renovations, launch and expand businesses, purchase additional properties, and power other investments.
  • Hometap’s home equity investment (HEI) products offer homeowners a fast, simple, and straightforward way to access the equity in their home without taking out a loan or having to sell.

Ryze Claim Solutions Partners with Bain Capital Insurance to Support Continued Organic Growth and Launch Strategic Acquisition Initiative

Retrieved on: 
Monday, February 12, 2024
Banking, Professional Services, Insurance, Finance, Acquisition, MGA, Kirkland & Ellis, Weather, TPA, Certus, Kirkland, Bain Capital, McDermott Will & Emery, Ryze, Environment, Partnership, Financial services

Ryze Claim Solutions (“Ryze” or the “Company”), a full-service claims management business, today announced it has entered a definitive agreement to be recapitalized by Bain Capital Insurance (“Bain Capital”), the dedicated insurance investing unit of Bain Capital.

Key Points: 
  • Ryze Claim Solutions (“Ryze” or the “Company”), a full-service claims management business, today announced it has entered a definitive agreement to be recapitalized by Bain Capital Insurance (“Bain Capital”), the dedicated insurance investing unit of Bain Capital.
  • Ryze will continue to operate under its current management team led by Executive Chairman, Tony Grippa, and President, Scott St. John.
  • Included under the Ryze umbrella is Certus, which provides TPA claim services to specialty and casualty insurance companies and the MGA market.
  • Debt financing for the transaction is being provided by Apogem Capital and includes a committed facility to support the company’s strategic acquisition growth strategy.

EQS-News: Federal Court of Justice (BGH) confirms additional payments for former shareholders of STADA Arzneimittel AG

Retrieved on: 
Thursday, February 8, 2024
Federal, SDK, BGH, Telephone, German, Federal Gazette, McKesson Europe, Bidding, Bain Capital, Stada Arzneimittel, News, Sale, EUR, Federal court, Security (finance)

Within the acceptance period (until the end of August 16, 2017), the bidder's offer was accepted by 63.76 % of STADA shareholders and within a further acceptance period (until September 1, 2017) by a further 0.11 % of STADA shareholders.

Key Points: 
  • Within the acceptance period (until the end of August 16, 2017), the bidder's offer was accepted by 63.76 % of STADA shareholders and within a further acceptance period (until September 1, 2017) by a further 0.11 % of STADA shareholders.
  • The bidder thus achieved a tender volume, including shares held by STADA, of approx.
  • In the opinion of the Bidder, the statute of limitations generally began at the latest at the end of 2017.
  • Former shareholders can register free of charge and without obligation at www.sdk.org/stada and will then receive all information on the proceedings.