Bain Capital completes TI Automotive acquisition

Bain Capital has closed its previously announced buy of Auburn Hills, Michigan-based TI Automotive, a provider of fluid storage, carrying and delivery systems for cars and trucks. No financial terms were disclosed. Blackstone Advisory Partners provided financial advice to TI Automotive while Goldman Sachs and UBS Securities LLC served as financial advisors to Bain Capital.


WeWork racks up $400 mln

New York-based WeWork, a shared workspace provider, has raised $400 million in financing, the company announced on its site. With this funding, Fidelity Management and Research Company has joined the company’s other backers that include J.P. Morgan Investment Management Inc, T. Rowe Price Associates Inc, Goldman Sachs and Benchmark Capital.


KKR to sell Capital Safety to 3M

3M has agreed to buy Capital Safety from KKR. The deal is valued at $2.5 billion. Morgan Stanley served as financial advisor to 3M on the transaction while Goldman Sachs was financial advisor to KKR. Based in Bloomington, Minnesota, Capital Safety is a provider of fall proteciton equipment.


PE HUB First Read

First Read ushers in your morning with news that Alibaba and its affiliate Ant Financial will be investing almost $1 billion into a Chinese local services startup, Goldman Sachs-backed PSAV is reportedly preparing for a $300 million IPO and according to a Harvard Business School study, working moms have more successful daughters and caring sons.


Lone Star Funds to buy Home Properties in $7.6 bln take-private deal

Lone Star Funds has agreed to acquire Home Properties Inc in a take-private deal valued at about $7.6 billion. The transaction is expected to be completed during the fourth quarter of this year. BofA Merrill Lynch served as financial advisor to Home Properties while Goldman Sachs.did likewise for Lone Star. Home Properties Inc owns, operates, acquires and repositions apartment communities in major metropolitan suburbs.


KKR to invest in Tarena

KKR is making an investment in Tarena International Inc. According to the deal, KKR and Shaoyun Han, founder, chairman and CEO of Tarena, have agreed to buy $90.5 million of ordinary shares in Tarena from existing pre-IPO shareholders Goldman Sachs and IDG Technology Venture Investments LLC Based in China, Tarena is a provider of professional education services.


Goldman Sachs and Centerbridge to sell KAG to OMERS Private Equity

OMERS Private Equity has agreed to buy Kenan Advantage Group Inc. The sellers are Goldman Sachs Capital Partners and Centerbridge Partners. No financial terms were disclosed for the transaction that’s expected to be completed in the third quarter of this year. Based in North Canton, Ohio, KAG is a provider of liquid bulk transportation services.


PE HUB Second Opinion

In Second Opinion, CVS is acquiring Target’s pharmacies for $2 billion, Goldman Sachs will be moving into online consumer lending and Jeb Bush announces he’s running for president.


CD&R-backed Univar prices IPO

Chemicals distributor Univar Inc has priced its IPO of 20 million shares at between $20 and $22 per share. Deutsche Bank Securities, Goldman, Sachs & Co and BofA Merrill Lynch are serving as the lead underwriters. Univar’s backers include Clayton, Dubilier & Rice LLP and CVC Capital Partners.

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