Bain Capital

Management Leadership for Tomorrow Grows Racial Equity at Work Program and Launches Hispanic Equity at Work Certification with 17 Industry-Leading Employers

Retrieved on: 
Thursday, September 15, 2022

Hispanic Equity at Work and Black Equity at Work, under the Racial Equity Certification Program, provide Corporate America with the most comprehensive roadmap toward achieving an inclusive and equitable work environment.

Key Points: 
  • Hispanic Equity at Work and Black Equity at Work, under the Racial Equity Certification Program, provide Corporate America with the most comprehensive roadmap toward achieving an inclusive and equitable work environment.
  • WASHINGTON, Sept. 15, 2022 /PRNewswire/ -- Today, Management Leadership for Tomorrow (MLT) announced the next chapter of the Racial Equity at Work Certification ProgramsMLT Hispanic Equity at Workwhich establishes a measurable standard for what it means to be a racially equitable employer for the Hispanic community.
  • Becoming MLT Hispanic Equity at Work Certified requires employers to commit to developing a comprehensive plan and making measurable progress toward achieving Hispanic equity internally and contributing to Hispanic equity in society.
  • The Certification provides a path for companies to make significant progress towards Hispanic equity by focusing on five core pillars:

Embedded finance transaction value to more than double to $7 trillion in US by 2026, but financial institutions must move quickly to keep up--Bain & Company and Bain Capital report

Retrieved on: 
Tuesday, September 13, 2022

The transaction value of embedded finance also will surge $7 trillion in 2026 and account for 10% of US financial transactions.

Key Points: 
  • The transaction value of embedded finance also will surge $7 trillion in 2026 and account for 10% of US financial transactions.
  • Platforms are partnering across the new value chain to deliver these benefits to customers and differentiate their core services.
  • Currently, consumer payments account for more than 60% of all embedded finance transactions and this is expected to reach $3.5 trillion by 2026.
  • Disruptive digital first organisations, especially platform businesses, are best placed to take advantage of the embedded finance sector's expansion.

Titan Aircraft Investments and Ethiopian Airlines Announce Long-Term Dry Lease Agreement for Three Boeing 767 Freighter Aircraft

Retrieved on: 
Monday, September 12, 2022

We are honored that Ethiopian Airlines recognizes our industry and technical expertise and has placed its trust in Titan.

Key Points: 
  • We are honored that Ethiopian Airlines recognizes our industry and technical expertise and has placed its trust in Titan.
  • The addition of these three aircraft brings Titan Aircraft Investments freighter fleet to 10 aircraft, five of which are Boeing 767 converted freighters.
  • Ethiopian Airlines Group CEO Mesfin Tasew said: This dry lease agreement will be fundamental to our fast growing cargo operation as Ethiopian is a key global player in the air cargo business.
  • About Titan Aviation Holdings and Titan Aircraft Investments Ltd.:
    Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide, is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide.

Nimbus Therapeutics Closes $125M Private Financing to Advance Clinical Programs in Autoimmune Diseases and Oncology

Retrieved on: 
Monday, September 12, 2022

Nimbus Therapeutics , a clinical-stage company that designs and develops breakthrough medicines through its powerful computational drug discovery engine, today announced the closing of a $125 million private financing.

Key Points: 
  • Nimbus Therapeutics , a clinical-stage company that designs and develops breakthrough medicines through its powerful computational drug discovery engine, today announced the closing of a $125 million private financing.
  • Were proud to lead this financing round to advance Nimbus exciting pipeline of clinical and preclinical candidates, said Nikola Trbovic, Ph.D., Partner at SV Health Investors.
  • In addition to this financing, Nimbus has recently appointed Gorjan Hrustanovic, Ph.D., Managing Director of BVF Partners, L.P., to its Board of Directors.
  • Nimbus has designed, discovered and developed a diverse portfolio of clinical and preclinical programs focused on inflammatory and autoimmune disorders, cancer and metabolic diseases, including three internally discovered compounds that have advanced into clinical trials.

Garuda Therapeutics Announces Appointment of Roger Sawhney, M.D., as Chief Financial Officer

Retrieved on: 
Wednesday, September 7, 2022

Garuda Therapeutics (Garuda), a company creating off-the-shelf, durable blood stem cell therapies, today announced the appointment of Roger Sawhney, M.D., as Chief Financial Officer.

Key Points: 
  • Garuda Therapeutics (Garuda), a company creating off-the-shelf, durable blood stem cell therapies, today announced the appointment of Roger Sawhney, M.D., as Chief Financial Officer.
  • Dr. Sawhney previously served as Chief Financial Officer and Chief Business Officer at Omega Therapeutics, a pioneer in mRNA-based therapeutics for precision gene modulation.
  • Most recently, Dr. Sawhney served as Chief Financial Officer and Chief Business Officer at Omega Therapeutics, where he led finance, strategy, business development and data/analytics.
  • Garuda Therapeutics seeks to create a world that eliminates the dependency on donor or patient cells for blood stem cell transplants.

Arbolus announces Dolly DeNyse, former Kantar CRO, as their new Chief Revenue Officer

Retrieved on: 
Tuesday, September 6, 2022

Following significant growth in recent years, particularly in the US, the role of CRO is a timely addition to Arbolus's leadership team.

Key Points: 
  • Following significant growth in recent years, particularly in the US, the role of CRO is a timely addition to Arbolus's leadership team.
  • As Chief Revenue Officer at Arbolus, Dolly will be responsible for global revenue across all product groups, setting the strategy for continued and increased growth and maintaining a best-in-class culture across all parts of the company.
  • Prior to joining Arbolus, Dolly was the Chief Revenue Officer at Kantar, the $4bn+ market research firm owned by Bain Capital.
  • Prior to her role as CRO, she held various roles at Kantar, including Chief Sales Officer for Kantar Insights, the company's largest division within North America, and Head of Sales for Kantar Millward Brown.

JenaValve Raises $100 Million to Advance Trilogy TAVR Solution

Retrieved on: 
Wednesday, August 31, 2022

IRVINE, Calif., Aug. 31, 2022 (GLOBE NEWSWIRE) -- JenaValve Technology, Inc. (JenaValve or the Company), developer and manufacturer of differentiated transcatheter aortic valve replacement (TAVR) systems, today announced that it has completed the initial closing of a $100 million Series C financing.

Key Points: 
  • IRVINE, Calif., Aug. 31, 2022 (GLOBE NEWSWIRE) -- JenaValve Technology, Inc. (JenaValve or the Company), developer and manufacturer of differentiated transcatheter aortic valve replacement (TAVR) systems, today announced that it has completed the initial closing of a $100 million Series C financing.
  • New investors joining the syndicate included Pictet Alternative Advisors SA, Qatar Investment Authority (QIA), Innovatus Capital Partners, and Peijia Medical Limited.
  • In addition, JenaValve will use the proceeds to bolster its real-world data development initiatives in Europe, as well as to expand its worldwide manufacturing capabilities.
  • If approved, Trilogy would become the first and only TAVR system in the U.S. to be indicated for the treatment of AR patients.

Insurance Agency Owners Overwhelmingly View M&A as a Success and Value Independence When Pursuing Partnership

Retrieved on: 
Tuesday, August 16, 2022

Rather, its likely tied to the perceived loss of control when an owner sells their agency, said Dan Girardi , Chief Acquisitions Officer at KAP.

Key Points: 
  • Rather, its likely tied to the perceived loss of control when an owner sells their agency, said Dan Girardi , Chief Acquisitions Officer at KAP.
  • Partnerships with a retained ownership model solve this concern because they allow owners to preserve a stake in the agency and maintain their independent entrepreneurial spirit.
  • Keystone Agency Partners is a rapidly growing insurance brokerage platform that acquires and partners with independent insurance agencies throughout the United States.
  • Keystone Agency Partners was founded in 2020 in partnership with Keystone Insurers Group, Inc. and affiliates of Bain Capital, LP.

Zelis Announces the Appointment of Wayne S. DeVeydt to its Board of Directors

Retrieved on: 
Tuesday, August 16, 2022

Zelis , a leading healthcare payments company, announced today the appointment of Wayne S. DeVeydt to its Board of Directors.

Key Points: 
  • Zelis , a leading healthcare payments company, announced today the appointment of Wayne S. DeVeydt to its Board of Directors.
  • Wayne was appointed as the Executive Chairman of Surgery Partners, Inc. in February 2020, where he leads the company in strategic financial decisions.
  • We are thrilled to have Wayne join the Board of Directors at Zelis.
  • Wayne joins the Board of Directors in August 2022, as Matt Harris steps down to focus on other engagements.

Bain Capital Credit Announces $2.4 Billion of Financing Investments for First Half 2022

Retrieved on: 
Wednesday, August 10, 2022

Bain Capital Credit, LP , a leading global credit specialist, today announced that the firms Private Credit Group invested $2.4 billion to support the growth of middle market and private equity-backed companies during the first half of 2022.

Key Points: 
  • Bain Capital Credit, LP , a leading global credit specialist, today announced that the firms Private Credit Group invested $2.4 billion to support the growth of middle market and private equity-backed companies during the first half of 2022.
  • The Private Credit Group, which managed approximately $9 billion of capital as of March 31, 2022, has a dedicated global team that enables Bain Capital Credit to diligence the most complex situations and provide flexible private capital solutions to middle market businesses.
  • Bain Capital Credit ( www.baincapitalcredit.com ) is a leading global credit specialist with approximately $57 billion in assets under management as of March 31, 2022.
  • Bain Capital Credit invests up and down the capital structure and across the spectrum of credit strategies.