Bain Capital

Bain Capital Insurance Invests $200 Million Into GuideOne Insurance Company to Launch Innovative New Platform Dedicated to Mutuals

Retrieved on: 
Wednesday, December 20, 2023
Insurance, Finance, Consulting, Public Relations, Investor Relations, Fintech, Communications, Professional Services, Small Business, Asset Management, Bain Capital, Policy, Fleming, Multimedia, LLP, Acquisition, LP, National Association, Human services, History, Organic, Kirkland & Ellis, Growth, Foley & Lardner, Capital, NAMIC, Senior

The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.

Key Points: 
  • The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.
  • The Mutual Group is being created through Bain Capital Insurance’s acquisition of the operational platform1 of GuideOne Insurance Company (“GuideOne”), a leading niche-market mutual insurance carrier founded in 1947.
  • “We are proud to continue our team’s history of developing innovative solutions for the mutual insurance industry,” said Matt Popoli , Global Head of Bain Capital Insurance.
  • Kirkland & Ellis LLP served as legal advisor to Bain Capital Insurance on the transaction.

Surf Internet Secures Upsized $200 million Debt Facility to Support Continued Network Expansion Across the Great Lakes Region

Retrieved on: 
Thursday, December 21, 2023
Bain Capital, Boundary Street, Partnership, CFO, Gene, Investment, Surf, FTTP, Great Lakes region, Growth, CPP Investment Board, White & Case, CPP

Surf Internet secured the incremental debt capital to support and continue the company's mission to transform broadband in the Great Lakes Region by expanding its dense fiber networks into more communities.

Key Points: 
  • Surf Internet secured the incremental debt capital to support and continue the company's mission to transform broadband in the Great Lakes Region by expanding its dense fiber networks into more communities.
  • The incremental capital will support Surf's plan to expand its network while strengthening its multigig capabilities.
  • The upsizing will double the existing $100 million debt facility put in place in February 2023, which was used to fund the company's 2023 strategic growth plan.
  • Houlihan Lokey served as exclusive financial advisor and placement agent to Surf Internet and Kirkland & Ellis LLP served as legal counsel.

C4 Therapeutics Strengthens Board of Directors with Owen Hughes Appointment

Retrieved on: 
Monday, November 20, 2023
Research, Therapy, Dartmouth College, Disease, History, Patient, Investment, Bain Capital, C4, Fidelity Investments, Sanofi–Translate Bio COVID-19 vaccine, Physician, Intarcia Therapeutics, CCCC, Management, Sanofi

WATERTOWN, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) -- C4 Therapeutics, Inc. (C4T) (Nasdaq: CCCC), a clinical-stage biopharmaceutical company dedicated to advancing targeted protein degradation science to develop a new generation of small-molecule medicines and transform how disease is treated, today announced the appointment of Owen Hughes to its board of directors.

Key Points: 
  • WATERTOWN, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) -- C4 Therapeutics, Inc. (C4T) (Nasdaq: CCCC), a clinical-stage biopharmaceutical company dedicated to advancing targeted protein degradation science to develop a new generation of small-molecule medicines and transform how disease is treated, today announced the appointment of Owen Hughes to its board of directors.
  • Mr. Hughes is an accomplished life sciences executive with nearly three decades of experience in investing, operations and corporate governance.
  • “We are thrilled to welcome Owen to the board of directors and leverage his experience across capital markets and pivotal business development opportunities,” said Bruce Downey, chairman of the board of directors of C4 Therapeutics.
  • “I look forward to working with the board of directors and management team to capitalize on the company’s scientific prowess to the benefit of patients and shareholders alike.”

1440 Foods, Leading Portfolio of Sports and Active Nutrition Brands, to Accelerate Growth with Significant Investment from Bain Capital Private Equity, Alongside Existing Investor 4x4 Capital

Retrieved on: 
Wednesday, December 13, 2023
Professional Services, Retail, Health, Fitness & Nutrition, Finance, Vitamins, Supplements, Food, Beverage, Ropes & Gray, KPMG, PJT Partners, Powder, Bountiful, Multimedia, Bain Capital, Partner, Capital, Partnership, UBS, Growth, The Bountiful Company, Sport, Fortress Investment Group, Azania

1440 Foods , (“1440”, or the “Company”), a leading portfolio of sports and active nutrition brands, today announced the signing of a definitive agreement for Bain Capital Private Equity (“Bain Capital”) to acquire a significant stake in the Company, in partnership with existing investor and operator 4x4 Capital .

Key Points: 
  • 1440 Foods , (“1440”, or the “Company”), a leading portfolio of sports and active nutrition brands, today announced the signing of a definitive agreement for Bain Capital Private Equity (“Bain Capital”) to acquire a significant stake in the Company, in partnership with existing investor and operator 4x4 Capital .
  • 1440 Foods will continue to be led by Chief Executive Officer Azania Andrews and her current management team.
  • UBS Investment Bank is serving as financial advisor, KPMG is serving as accounting advisor, and Ropes & Gray is serving as legal counsel to Bain Capital.
  • PJT Partners is serving as financial advisor and Sidley Austin is serving as legal counsel to 1440 Foods and 4x4 Capital.

Technology Holdings advises ServiceNow Elite Partner Unifii on its strategic sale to Bain Capital backed Inetum

Retrieved on: 
Wednesday, December 6, 2023
Software, Finance, Consulting, Banking, Data Management, Professional Services, Technology, Other Technology, Sale, Acquisition, Consultant, Bain Capital, Public sector, Private equity, Partnership, Digital transformation, Holding, Knowledge, ServiceNow

Technology Holdings , a global investment bank with offices in North America, Europe and the Asia-Pacific is pleased to announce that it has acted as the exclusive financial advisor to London headquartered Elite ServiceNow partner, Unifii on its strategic sale to Bain Capital backed Inetum , which is headquartered in France.

Key Points: 
  • Technology Holdings , a global investment bank with offices in North America, Europe and the Asia-Pacific is pleased to announce that it has acted as the exclusive financial advisor to London headquartered Elite ServiceNow partner, Unifii on its strategic sale to Bain Capital backed Inetum , which is headquartered in France.
  • Unifii is the largest independent Elite ServiceNow partner in the United Kingdom and Ireland, and is recognized for its unparalleled expertise in supporting clients through their digital transformation journeys.
  • With the acquisition of Unifii, Inetum becomes a leading European partner for ServiceNow with nearly 500 ServiceNow experts in Europe and more than 2000 certifications.
  • Vivek Subramanyam , Founder and CEO of Technology Holdings said, “We are elated to have closed this key transaction in the ServiceNow ecosystem for Elite Partner, Unifii – our 7th ServiceNow transaction.

Guidehouse Completes Transaction with Bain Capital

Retrieved on: 
Thursday, December 14, 2023
Acquisition, Veritas Capital, Kirkland & Ellis, Bain Capital, Public sector, PwC, Goldman Sachs, Morgan Stanley, Jefferies Group, Health, Covington & Burling, Partnership, Guggenheim Partners, Veritas

WASHINGTON, Dec. 14, 2023 /PRNewswire/ -- Guidehouse, a leading global provider of consulting and managed services to public sector and commercial clients, today announced the close of its acquisition by Bain Capital Private Equity ("Bain Capital") from Veritas Capital ("Veritas") for $5.3 billion. The transaction, which was announced November 6, 2023, supports the fast-growing consultancy's strategic growth plans. Guidehouse will continue to operate under its current management team, led by Chief Executive Officer Scott McIntyre.

Key Points: 
  • WASHINGTON, Dec. 14, 2023 /PRNewswire/ -- Guidehouse , a leading global provider of consulting and managed services to public sector and commercial clients, today announced the close of its acquisition by Bain Capital Private Equity ("Bain Capital") from Veritas Capital ("Veritas") for $5.3 billion.
  • "We are pleased to announce the successful close of this transaction," said Guidehouse CEO Scott McIntyre.
  • We view the transaction as an endorsement of our business and Guidehouse's track record of best-in-class client delivery capabilities, and we look forward to this next chapter of our evolution in partnership with Bain Capital."
  • PricewaterhouseCoopers LLP served as accounting advisor, and Kirkland & Ellis LLP served as legal counsel to Bain Capital.

Blackpoint Cyber Hires MSP Veteran Mike Estep to Lead Community Efforts

Retrieved on: 
Thursday, December 7, 2023
Blue Alliance, Community, InfraGard, MSP, MDR, WatchGuard, FBI, Investment, Private sector, Bain Capital, Netwrix, Software as a service, Growth, Microsoft, Face, Management

ELLICOTT CITY, Md., Dec. 7, 2023 /PRNewswire/ -- Blackpoint Cyber, the SaaS-based MDR solution provider, has appointed Mike Estep as Vice President of Communities. With Blackpoint's $190 million investment from Bain Capital earlier this year, Blackpoint will be making significant investments in partner enablement and community programs. In his new role, Estep will focus on fostering the Blackpoint community and continue growing programs to offer elite content, training, tools and strategic thought leadership that help MSPs increase the success of their businesses and protect their clients.

Key Points: 
  • Estep will leverage his deep experience in the MSP industry to lead Blackpoint's initiatives helping MSP businesses scale through best practices in security.
  • ELLICOTT CITY, Md., Dec. 7, 2023 /PRNewswire/ -- Blackpoint Cyber, the SaaS-based MDR solution provider, has appointed Mike Estep as Vice President of Communities.
  • Estep is an active leader with more than 35 years of deep experience in the MSP community and technology industry.
  • He has deep relationships and connections in the MSP community, and there's no better person to help foster the growth of the Blackpoint community to encourage the success of our MSP partners."

BioCatch Welcomes Sallie Krawcheck and Liat Nadai Arad to Board of Directors

Retrieved on: 
Monday, December 4, 2023
Citigroup, Woman, Morgan Stanley Wealth Management, Safety, Behavior, Organization, Creativity, Head, EBITA, Data science, Fraud, M-Systems, Bain Capital, Modu, Work, JPMorgan Chase, EVP, Veteran, Own It, SanDisk, Investment company, LIAT, Human, Colonel, Citi Private Bank, Barron's, Deutsche Bank, Growth, TEL, ESG, Cryptocurrency, Ellevest

NEW YORK and TEL AVIV, Israel, Dec. 4, 2023 /PRNewswire/ -- BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today announced the addition of Sallie Krawcheck and Liat Nadai Arad to the company's board of directors. Together, the award-winning financial services and cybersecurity veterans bring more than 50 years of growth, operations, and innovation experience in support of BioCatch's expanding fraud detection and financial crime prevention product portfolio and market growth strategies.

Key Points: 
  • Sallie Krawcheck is the CEO and co-founder of Ellevest , an invest-tech and wealth management company, built by women, for women.
  • It is gives me great pleasure to welcome both Sallie and Liat to our Board of Directors."
  • Sallie Krawcheck and Liat Nadai Arad join BioCatch in parallel with the company's realization of $100M in annual recurring revenue , the achievement of protecting more than 315 million banking customer from fraud and financial crime globally, and the accomplishment of EBITA profitability.
  • "I try to be thoughtful in choosing the organizations that I work with in today's fast-moving financial technology landscape," said Sallie Krawcheck.

BioCatch Welcomes Sallie Krawcheck and Liat Nadai Arad to Board of Directors

Retrieved on: 
Monday, December 4, 2023
Citigroup, Woman, Morgan Stanley Wealth Management, Safety, Behavior, Organization, Creativity, Head, EBITA, Data science, Fraud, M-Systems, Bain Capital, Modu, Work, JPMorgan Chase, EVP, Veteran, Own It, SanDisk, Investment company, LIAT, Human, Colonel, Citi Private Bank, Barron's, Deutsche Bank, Growth, TEL, ESG, Cryptocurrency, Ellevest

NEW YORK and TEL AVIV, Israel, Dec. 4, 2023 /PRNewswire/ -- BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today announced the addition of Sallie Krawcheck and Liat Nadai Arad to the company's board of directors. Together, the award-winning financial services and cybersecurity veterans bring more than 50 years of growth, operations, and innovation experience in support of BioCatch's expanding fraud detection and financial crime prevention product portfolio and market growth strategies.

Key Points: 
  • Sallie Krawcheck is the CEO and co-founder of Ellevest , an invest-tech and wealth management company, built by women, for women.
  • It is gives me great pleasure to welcome both Sallie and Liat to our Board of Directors."
  • Sallie Krawcheck and Liat Nadai Arad join BioCatch in parallel with the company's realization of $100M in annual recurring revenue , the achievement of protecting more than 315 million banking customer from fraud and financial crime globally, and the accomplishment of EBITA profitability.
  • "I try to be thoughtful in choosing the organizations that I work with in today's fast-moving financial technology landscape," said Sallie Krawcheck.

Surf Internet Reaches Major Milestone of 100,000 Fiber-Optic Internet Passings Completed in the Great Lakes Region

Retrieved on: 
Thursday, November 30, 2023
Surf, Growth, City, Map, Partnership, Bain Capital, Digital divide, Great Lakes region, Internet, Internet service provider

This significant milestone demonstrates Surf Internet's ongoing commitment to providing high-speed, reliable internet access to homes and businesses throughout the Great Lakes region.

Key Points: 
  • This significant milestone demonstrates Surf Internet's ongoing commitment to providing high-speed, reliable internet access to homes and businesses throughout the Great Lakes region.
  • The 100,000th passing is especially significant for Surf Internet, which provides fiber-optic internet primarily to unserved and underserved rural communities.
  • "We are honored to be on the front lines of transforming the rural landscape of the Great Lakes region," said Surf CEO Gene Crusie.
  • To see if Surf Internet services are currently available for a specific address, visit https://surfinternet.com/ and click "Check Availability."