150 Views

PE-owned Worldpay closes SecureNet acquisition

Worldpay, which is owned by Advent International and Bain Capital, has completed its buy of SecureNet Payment Systems. The seller was Sterling Partners. No financial terms were disclosed. Based in Austin, Texas, SecureNet is a payment solutions provider.

187 Views

Bain Capital to acquire CRH’s UK concrete and clay businesses

Buildings material company CRH has agreed to sell its UK-based concrete and clay businesses as well as its U.S.-based clay business to Bain Capital for 522 million euros. Among the businesses being sold are Ibstock and Glen Gery. As a result of the transaction, Bain will assume some of the debt related to the divested businesses.

228 Views

Virgin Group and Bain Capital form Virgin Cruises

Richard Branson’s investment firm Virgin Group and  Bain Capital have partnered up to launch Virgin Cruises, a new cruise line business. No financial terms were disclosed. Also, Tom McAlpin will lead as CEO. Recently, McAlpin worked at The World, Residences at Sea where he served as president and CEO. Virgin Cruises is headquartered in the Miami/Fort Lauderdale area.

107 Views

Bain, Apax join bid battle for Portugal Telecom-Reuters

Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros ($8.8 billion) to buy the Portuguese operating business of Portugal Telecom from Brazil’s Oi (OIBR3.SA), rivalling an offer from European telecoms group Altice (ATCE.AS), Reuters reported.

246 Views

Worldpay to acquire PE-owned SecureNet

Worldpay, which is backed by Advent International and Bain Capital, has agreed to buy SecureNet. No financial terms were disclosed. The deal is expected to be completed in December 2014. William Blair was financial advisor to SecureNet and its owner Sterling Partners on the transaction. Based in Austin, Texas, SecureNet is a payment solutions provider.

441 Views

Bain Capital buys stake in TOMS

Bain Capital has acquired a 50 percent stake in TOMS. No financial terms were disclosed. As a result of the transaction, TOMS founder Blake Mycoskie will have a 50 percent ownership of the company. TOMS is a “one for one” shoe, eyewear and coffee company.

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