peHUB First Read

To guide you through this Friday the 13th, First Read has news that Bain Capital Partners is suing EY, the Supreme Court wants companies to be more truthful about food labeling and we may be heading for higher prices at the pump as Iraq falls apart.


Bain Capital-backed Trinseo prices IPO

Trinseo SA, a plastics maker that is backed by Bain Capital, has priced its IPO of 10 million shares at between $17 and $19 per share. The company plans on listing the stock on the NYSE under the ticker symbol “TSE.” Goldman Sachs, Deutsche Bank Securities, Citigroup and Morgan Stanley are serving as lead underwriters.


Bain Capital acquires Retail Zoo from The Riverside Company

Bain Capital and Retail Zoo founders Janine and Jeff Allis have acquired multi-brand franchise company Retail Zoo from The Riverside Company, which has sold its majority stake. Retail Zoo’s brands include Boost Juice Bars, Salsa’s Fresh Mex Grill, Cibo Espresso and Hatch Chicken Soup. Jeff, the company’s executive chairman, and Janine, executive director, will remain heavily invested in the business and, along with Scott Meneilly, chief executive officer, continue to run the business. Financial terms were not disclosed.


Bain Capital-backed Bob’s Discount Furniture names new SVP of real estate

Bob’s Discount Furniture, which is backed by Bain Capital, said Thursday that it has hired Chris Day as senior vice president of real estate. Previously, Day worked at Coventry Real Estate Advisors where he served as senior vice president of retail services. Headquartered in Manchester, Conn., Bob’s Discount Furniture is a retailer of low-cost furnishings.


Worldpay invests in Pazien

Worldpay Group has invested in Pazien. Financial terms weren’t announced. Boston-based Pazien, a payments startup. Worldpay, a payments provider, is backed by Bain Capital and Advent International.


Charterhouse Capital’s Pointwell Limited acquires Skillsoft

Dublin, Ireland-based education software provider Skillsoft said Monday that it has sold its subsidiaries to Pointwell Limited, which is backed by Charterhouse Capital Partners. No financial terms were disclosed. Deutsche Bank Securities advised Skillsoft on the deal while Ropes & Gray served as legal counsel. Barclays served as exclusive financial advisor to Pointwell Limited. Skillsoft was backed by Advent International, Bain Capital and Berkshire Partners.

Bain Capital invests in Viewpoint Construction Software

Bain Capital has made an undisclosed investment in Viewpoint Construction Software. As part of the transaction, Updata Partners and TA Associates are selling their stakes in Viewpoint. Credit Suisse and Canaccord Genuity advised Viewpoint on the deal while Wells Fargo advised Bain Capital. Headquartered in Portland, Oregon, Viewpoint is a provider of software solutions and services to the construction sector.

blood moon

peHUB Second Opinion

Today in Second Opinion: Windows Phone 8.1 delivers on all fronts; Google buys Titan Aerospace, the drone maker Facebook wanted; how bad of a PE investment was Nuveen; and, get ready for the blood moon.

PE-backed SevOne buys RapidEngines

SevOne, which is backed by Bain Capital, has acquired RapidEngines. No financial terms were disclosed for the transaction, which was completed on March 27, 2014. Based in Minneapolis, RapidEngines is a provider of log analytics solutions for IT enterprises, service providers and application developers.


Ares Management takes controlling stake through debt of Bain-backed Guitar Center

Guitar Center, a retailer of musical instruments and recording equipment, has completed a transaction that has reduced its total debt by about $500 million and annual cash interest expense by more than $70 million. As part of the deal, Ares Management has exchanged a portion of its holdings of the company’s debt into preferred stock and taken a controlling interest in Guitar Center. Bain Capital, which acquired Guitar Center in 2007 in a deal valued at $2.1 billion, will retain partial ownership along with board representation.

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