Bain Capital Fund XI, with a projected USD6 billion, is now worth USD2.3 billion. Bain Capital was able to raise about USD5 billion for its eleventh buyout fund.
Deals
Forest City sells Atlantic Yards stake
According to a report from Bloomberg, Forest City Ratner Cos had sold a 70% stake in Atlantic Yards to speed up a real estate project confronted by years of delays.
Twitter 3.25% IPO fee smaller than Facebook's - sources
Twitter would pay a smaller fee to bankers at 3.25% of its IPO valuation, compared to that of Facebook's, according to sources.
Facebook memories cloud Twitter Inc's IPO
Twitter Inc's most anticipated IPO had been clouded with social media giant Facebook's last year debut, said a Reuters report.
At least 7 potential bidders running for Versace stake
According to sources, there were at least seven bidders interested in acquiring a minority stake in Italian fashion house, Versace.
Latest News
The IPO of CommScope Holding Co is expected to reap USD800 million. Commscope Holding Co, the telecommunications equipment firm, had set pricing terms for its IPO.
Mark Zuckerberg, Facebook CEO, purchased four adjunct houses to his Palo Alto home. Facebook CEO Mark Zuckerberg was recently reported to have purchased four homes adjacent to his own home in Palo Alto, CA.
Activision regains independence after it bought back shares from Vivendi SA. A group led by Activision CEO Bobby Kotick in partnership with Activision Blizzard Inc recently completed a buyout worth USD8.
B. Braun got regulatory clearance to increase its stake in German hospital operator Rhoen-Klinikum after filing a request last month, said a report from Reuters.
Consol Energy's 'all options' review help share values increase. The largest US coal production company in terms of market value, Consol Energy Inc.
Vivus Inc. had signed a deal with Auxilium Pharmacauticals Inc to market its Stendra drug in the US market, said a Reuters report.
Alitalia, an almost bankrupt Italian firm, had received a lifeline last Friday after the company's board approved a capital increase, reported Reuters.
CommScope Holding Co had set its price for its initial public offering which could value the company more than USD3.9 billion.
The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.
