Entries tagged "Bain Capital LLC"

Deal Stocks: CSCO, JPM, AXA, C, BMY, MJN, HBC

A look at the news moving deal-related stocks including Cisco Systems, Tandberg, J.P. Morgan and Cazenove Group.

Dollar General, Rue21 today. Toys 'R' Us next?

The successful IPOs of PE-backed retailers Dollar General, Rue21, Vitamin Shoppe and Dollarama will likely encourage more PE portfolio companies to go public. KKR-backed Toys "R" Us is a candidate, says Howard Davidowitz.

THL Partners' Sperling on banks', sponsors' battles

Thomas H. Lee Partners co-president Scott Sperling remembers his own and the LBO industry's bitter battles with Wall Street banks.

Och-Ziff, Brookside to charge performance fees

Och-Ziff Capital Management Group and Brookside Capital are reportedly going to start charging performance fees on assets that haven't yet reached their high water mark.

At deadline, at least two bidders for Boston Globe

The deadline for preliminary bids for New York Times Co.'s (NYSE:NYT) Boston Globe property ended yesterday with submissions from at least two parties.

U.S. investors seen reshuffling at China's Gome

Bain Capital's likely purchase of 20% of the appliances retailer may prompt Warburg Pincus to sell up.

Fannie and Freddie are still standing, and financials soar

Another day and still no news of an awaited and feared government bailout of mortgage intermediaries Fannie Mae and Freddie Mac. No news is good news for the mortgage giants, as their shares rose for the third straight day on Wed., with Fannie gaining 15.30% to close at $6.48 and Freddie jumping 19.65% to close at $4.75. ...

PE Pipeline: Clear Channel Communications

The lender group for the buyout of Clear Channel Communications Inc. by affiliates of Bain Capital LLC and Thomas H. Lee Partners LP could fund the $21 billion of debt for the deal any day. Citigroup Inc. and Deutsche Bank AG, the leads for the syndication with Wachovia Bank, Credit Suisse Group, Morgan Stanley and Royal Bank of Scotland Group plc made an offer to commit to funding through binding arbitration April 22 that the sponsors rejected. The banks also argued in a summary judgment hearing in New York Supreme Court that the suit was brought as they were attempting...

Breaking: Clear Channel banks offer to arbitrate

The battle over financing for the $25 billion buyout of Clear Channel Communications Inc. may be coming to a head as banks have made a put-up-or-shut-up arbitration offer to the private equity buyers. ...

The Clear Channel dealbreaker revealed

The final impasse between Bain Capital LLC and Thomas H. Lee Partners LP and their bankers over the $26 billion buyout of Clear Channel Communications Inc. wasn't about LIBOR floors or minutiae of the financing agreements. It was the lenders' refusal to allow Clear Channel to draw on part of the $22.1 billion buyout financing package if necessary to refinance roughly $4 billion of outstanding bonds when they begin to come due in three years, according to a suit filed by the buyers late Wednesday....

Clear Channel's LBO on the brink

Expect a wild ride with Clear Channel Communications Inc. Wednesday, thanks to reports that the banks are close to killing the $22.1 billion buyout. The Wall Street Journal, citing unnamed sources close to the deal, said that the banks lining up the financing had stalled the LBO due to a dispute with the equity sponsors over the details of the credit agreement. ...

Is TH Lee prepping to close on Clear Channel?

Thomas H. Lee Partners LP is telling its limited partners to get their checkbooks ready, according to a Dow Jones report. ... Could the long awaited $19.5 billion LBO of Clear Channel Communications Inc. be far behind? ...

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