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Search resuls for: "Bain’s"


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Instead, “Friends” became a show about the first decade of adult life. This may be part of the reason it found a perpetually renewing audience among Millennials, who found it in syndication, and Gen Z, who found it streaming. Your job might be a joke, you might be broke, your love life D.O.A., but it would get better. You and your friends would make it better. The “Friends” finale, in 2004, left the characters at the end of the beginning, getting married, having kids, moving away.
Persons: Kurt Cobain’s, Marcel the, , Millennials, Gen Z, D.O.A, Matthew Perry’s Chandler, Joey, Matt LeBlanc Locations: Manhattan
Bain puts Chindata minority owners out of misery
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
MELBOURNE, Aug 14 (Reuters Breakingviews) - Bain Capital has just taught a refresher course in the perils of being a minority investor. On Friday the buyout firm agreed to take Chindata private in a deal that values the Chinese data centre operator it already controls at $3.2 billion. But those who bought in when the U.S. private equity firm took Chindata public in 2020 or were hoping for a bidding war – or both – have good reason to be disappointed. Second, a unit of state-owned conglomerate China Merchants Group countered Bain with a $3.4 billion deal, which Chindata took a month to acknowledge. And it has let investors holding another fifth or so of Chindata stock into the buyout group.
Persons: Bain’s, Bain, Chindata, Antony Currie, BoE, Robyn Mak, Katrina Hamlin Organizations: MELBOURNE, Reuters, Bain Capital, China Merchants Group, China Merchants, Twitter, FC Barcelona’s, Messi, Siemens, Thomson Locations: New York
Bain’s Chindata buyout saga verges on absurd
  + stars: | 2023-07-13 | by ( Antony Currie | ) www.reuters.com   time to read: +3 min
On first blush, that appears to be what Bain Capital (BCSF.N) is trying to do with Chinese data centre operator Chindata . But it’s a saga that’s starting to verge on the absurd. Bain took Chindata public on the Nasdaq in September 2020. Less than three years later, the U.S. leveraged buyout veteran offered $8 per American Depositary receipt, valuing the company at $2.9 billion. The company has yet to acknowledge the offer from China Merchants Capital.
Persons: Bain, Chindata, there’s, Bain’s, Robyn Mak, Thomas Shum Organizations: MELBOURNE, Reuters, Bain Capital, Nasdaq, U.S, Bloomberg, China Merchants Group, Chindata, Citi, Bain, China Merchants Capital, Thomson Locations: People’s Republic
CNN —An electric guitar smashed up and signed by the late Nirvana front man Kurt Cobain has sold for almost 10 times its estimated value. The instrument was the headlining item in a three-day auction of pieces of rock history. The guitar, which had been reassembled but remains unplayable, was originally valued between $60,000 and $80,000. According to Julien’s Auctioneers, who staged the sale, Cobain smashed the guitar up “during Nirvana’s seminal Nevermind era,” though no specific details were given. In 2020, the guitar played by Cobain during his 1993 “MTV Unplugged” performance became the most expensive guitar ever sold at auction, going for $6 million.
Bain & Co.’s presence in China includes offices in Shanghai, as well as Beijing and Hong Kong. Photo: hector retamal/Agence France-Presse/Getty ImagesHONG KONG—Chinese authorities questioned Shanghai workers at consulting firm Bain & Co., underlining the mounting uncertainties facing foreign executives and businesses operating in China after a series of detentions and investigations. The Boston-based company said Wednesday U.S. time that it was cooperating with authorities and declined to comment further. Shanghai police didn’t immediately respond to a request for comment on the reason for the visit, earlier reported by the Financial Times, which also said police took away computers and phones.
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Bain Capital Co-Chairman to Retire
  + stars: | 2023-01-17 | by ( Laura Cooper | Dana Mattioli | ) www.wsj.com   time to read: 1 min
Steve Pagliuca will remain a senior adviser at the firm, and will be involved in portfolio companies in which he holds a board seat. Bain Capital co-chairman Steve Pagliuca is retiring after a 34-year career at the private-equity firm. Mr. Pagliuca will remain a senior adviser at the firm, and will continue to be involved in the portfolio companies in which he holds a board seat, and he will be a significant investor in Bain’s funds, part of a plan put in place years ago, he said. Co-managing partners John Connaughton and Jonathan Lavine will continue to run Bain, roles they assumed in 2016.
But many companies adapted, structuring deals to sidestep market volatility and minimize financing costs. Deal advisers expect M&A to pick up in 2023 following last year’s slump, though when that will happen remains an open question. That is especially true in the technology and healthcare sectors, where deals for high-growth companies are most common, she said. In addition to macroeconomic pressures, companies faced a tougher regulatory environment in 2022, with antitrust enforcers globally applying greater scrutiny to large transactions. Demand for such facilities in the U.S. jumped 17% in 2022 through Dec. 29 compared with the full-year 2021, to $317.3 billion, according to Dealogic.
Hong Kong CNN Business —China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. Singles Day usually eclipses two of the world’s most popular sales events — Black Friday and Cyber Monday — combined. Xiaofeng Wang, a principal analyst at research firm Forrester, told CNN Business that she believed Singles Day sales would cross the trillion-yuan mark this week. In 2021, the tally for Singles Day rose 13%, “the smallest advance ever,” according to an analysis by Bain & Company. Singles Day “isn’t going anywhere,” concluded James Yang, a Hong Kong-based partner at Bain.
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