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Saturday, November 21, 
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Entries tagged "Bain"

Pagliuca touts buyouts, basketball in Senate run

Amid the race to replace Sen. Ed Kennedy, Bain Capital partner Steve Pagliuca is flooding the airwaves with ads that attempt to connect with potential voters via sports.


SolarWinds breezes by IPO range, begins trading

SolarWinds shares go public Wednesday, with OpenTable on deck for Thursday.


Clear Channel hears bankruptcy's song?

Although broadcaster Clear Channel discounts bankruptcy chatter, the PE-owned company's debt load worries research firm CreditSights.


Papa John's chief trades pizza for doughnuts and ice cream

Papa John's International Inc. chief executive Nigel Travis is done making pizza. Now he'll be taking the head post at Dunkin Brands Inc., which operates Dunkin Donuts and Baskin Robin chains. The move could be construed as more of a promotion than a lateral move by some, as Dunkin Brands is considered a bigger company with more than 14,000 franchises in 44 countries worldwide  -- about 8,000 of them Dunkin' Donuts and almost 6,000 Baskin-Robbins -- compared to only 3,000 Papa John's franchises. ...


Weather Channel sale to be announced soon?

There are reports that Landmark Communications Inc. could finally announce a sale of the Weather Channel to a group made up of NBC Universal, Blackstone Group LP and Bain Capital LLC in the next day or two, according to Reuters. Time Warner Inc. dropped out of the bidding on June 13 leaving the group the lone bidders in the auction. Bids for the Weather Channel were rumored to be around $3.5 billion, instead of the $5 billion Landmark Communications was asking. Landmark, which is privately owned by Frank Batten Jr., also owns newspapers and television stations.Landmark is also shopping Dominion...


Bain in $445M deal for D&M

U.S. private equity firm Bain Capital Partners LLC has agreed to buy Tokyo-listed audio and video equipment maker D&M Holdings Inc. for ¥48 billion ($445 million), the target said Friday. ...


Weather Channel auction enters latest round

The latest round of bids for the Weather Channel are due Friday. In earlier rounds, bids only reached $3.5 billion, instead of the $5 billion the parent company, Landmark Communications Inc., was asking. ...


Ratings Review: S&P keeps Clear Channel on credit watch

Standard & Poor's Ratings Services said that its ratings for Clear Channel Communications Inc. on Thursday remained on credit watch with negative implications. ...


Clear Channel agreement reached

Clear Channel Communications Inc. and its private equity buyers have reached an agreement in principal with the banks sponsoring the buyout. The Deal has confirmed a report on CNBC, that the banks will fund the deal at $36 a share rather than the agreed to $39.20 a share. The agreement comes after a New York trial was delayed over a day and a half as the parties met to discuss a resolution. Bain Capital LLC and Thomas H. Lee Partners LP sued the banks, which include Citigroup Inc., Deutsche Bank AG, Credit Suisse Securities LLC, Morgan Stanley, Royal Bank of Scotland...


Clear Channel settlement may be near

After a New York trial over litigation that Clear Channel Communications Inc.'s private equity backers brought against their banks was adjourned for a day, shares of the radio broadcaster shot up $1.28, or more than 4.25%, to $31.28 during Monday morning trading. A Texas State Court hearing was also adjourned. The parties are said to be in talks to resolve the dispute over financing for the $25 billion buyout....


Banks get split decision in Clear Channel case

A New York state court has thrown out three of the four claims made by Bain Capital LLC and Thomas H. Lee Partners LP in a closely watched suit against the banks financing the $25 billion buyout of Clear Channel Communications Inc. But Judge Helen E. Freeman left intact the private equity firms' breach of contract claim, which is the core of the suit....


The Deal Calendar: May 5 - May 9, 2008

This week's edition of The Deal Calendar breaks down the essential M&A milestones of the week ahead, including News Corp.'s earnings and the Getty Images inc. deal. Plus, The Deal's Mary Kathleen Flynn sits down with Scott Stuart to discuss the Clear Channel Communications Inc./Bain Capital LLC/Thomas H. Lee Partners trial. ...



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Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


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Crisis On Wall Street
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Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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