Sankaty to buy 4 CLOs from Regiment Capital

By Luisa Beltran — 2 weeks 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.


IBM to buy Weather Channel’s digital business

By Luisa Beltran — 1 month ago

IBM said Wednesday it agreed to buy The Weather Company‘s B2B, mobile and cloud-based web properties, including WSI,, 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.


Hellman & Friedman gets majority of Securitas Direct Verisure

By Luisa Beltran — 2 months ago

Hellman & Friedman has acquired Bain Capital’s stake in Securitas Direct Verisure Group. Financial terms weren’t announced. The deal gives Hellman & Friedman a majority shareholder position. Malmö, Sweden-based Securitas Direct provides professionally monitored home alarm systems through its Securitas Direct and Verisure brands.


LDC backs UK shower brand Aqualisa’s management buyout

By Iris Dorbian — 3 months ago

UK private equity firm LDC has made an undisclosed investment to support shower brand Aqualisa‘s management buyout. The sellers were Bain Capital‘s credit affiliate Sankaty Advisors LLC and RBS. Also, LDC’s Andy Lyndon and Ben Snow will join Aqualisa’s board. Springboard Corporate Finance and CMS Cameron McKenna advised Aqualisa’s management team on the transaction while Catalyst Corporate Finance advised the sellers. PwC, CiL and Wragge Lawrence Graham & Co advised LDC.