Bain to buy American Trailer Works

By Luisa Beltran — 1 month ago

Bain Capital has agreed to buy American Trailer Works from Southlake Equity Group. Financial terms weren’t announced. Southlake, Texas-based American Trailer Works makes and distributes utility and cargo trailers. Bain said it plans to merge American Trailer Works with Big Tex Trailers, which it acquired in December. Goldman Sachs and Barclays provided debt financing. BMO Capital Markets, Goldman Sachs and Barclays acted as financial advisors, Kirkland & Ellis LLP served as legal counsel, and PricewaterhouseCoopers LLP served as accounting advisor to Bain Capital.

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PE-backed Acadia to acquire Priory for almost $1.9 bln

By Iris Dorbian — 1 month ago

Acadia Healthcare Company Inc, which is backed by Waud Capital and Bain Capital, has agreed to acquire Priory Group, a UK-based provider of behavioral healthcare services. According to terms of the deal, Acadia will pay a cash consideration of about $1.887 billion. Jefferies advised Acadia on the transaction.

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Hellman & Friedman acquires Italian software company TeamSystem

By Iris Dorbian — 2 months ago

Hellman & Friedman LLC has acquired a controlling stake in Italian software company TeamSystem Holding SpA. No financial terms were disclosed. The sellers are HgCapital, Bain Capital, ICG and TeamSystem’s management. However, HgCapital “intends” to retain a minority stake in TeamSystem while company management will continue to invest in it. Mediobanca SpA provided financial advice to Hellman & Friedman on this transaction while Rothschild did likewise for HgCapital.

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Sankaty to buy 4 CLOs from Regiment Capital

By Luisa Beltran — 3 months ago

Sankaty Advisors, the global credit affiliate of Bain Capital, has agreed to buy the management contracts of four CLOs from Regiment Capital Advisors. The management contracts to be transferred are for Cavalry CLO II Ltd., Cavalry CLO III Ltd., Cavalry CLO IV Ltd., and Cavalry CLO V Ltd. The four CLOs total $1.6 billion of assets. Berkshire Capital Securities advised Regiment.

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IBM to buy Weather Channel’s digital business

By Luisa Beltran — 3 months ago

IBM said Wednesday it agreed to buy The Weather Company‘s B2B, mobile and cloud-based web properties, including WSI, weather.com, Weather Underground and The Weather Company brand. IBM isn’t buying The Weather Channel TV segment. Instead, the Weather Channel will license weather forecast data and analytics from IBM. Financial terms weren’t announced. The Weather Channel is backed by NBC Universal, the Blackstone Group and Bain Capital.

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