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Bain matches CC Capital’s $1.92bn Insignia Capital bid

Private Equity Wire

Shares of Insignia Financial surged to a three-year high on Thursday after US-based private investment giant Bain Capital matched a revised takeover offer of AUD3.07bn ($1.92bn) from rival buyout firm CC Capital Partners, according to a report by Reuters. per share bid, which the Insignia board rejected in December as insufficient.

Bidding 92
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KKR and Bain advance in Seven & i sale

Private Equity Wire

KKR and Bain Capital have each submitted first-round bids exceeding $5bn for the non-core assets of Japan’s Seven & i Holdings, according to a report by Reuters citing sources familiar with the matter. KKR bid approximately JPY800bn ($5.1bn) for York Holdings, a unit being spun off by the Japanese retailer.

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KKR accuses Bain Capital of NDA breach in Fuji Soft acquisition battle

Private Equity Wire

US private equity giant KKR has escalated its battle with rival buyout firm Bain Capital over the acquisition of Japanese software company Fuji Soft, accusing Bain of violating a non-disclosure agreement (NDA), according to a report by Reuters. KKR and Bain are engaged in competing tender offers for Fuji Soft, with bids reaching up to $2bn.

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Ascential unit attracts at least two bids as other buyers drop out, with a price tag of $1.02bn

Private Equity Insights

BC Partners recently dropped out of the auction to buy WGSN due to concerns over the seller’s expectations on price, three sources said, speaking on condition of anonymity. The London-based private equity firm was in the second stage of bidding for WGSN, which has a price tag of 800 million pounds ($1.02 billion), they said.

Bidding 130
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The HubSpot Buyout Looks Dead: Is the Stock a Buy?

The Motley Fool

A report from Reuters on Wednesday indicated that Alphabet had decided to drop a potential bid weeks ago, and that talks never even reached the due diligence stage. Alphabet now appears to have walked away from the bargaining table. Unsurprisingly, HubSpot stock has been tumbling as investors digest the news.

Buyout 130
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EQT snaps up VetPartners in $1.4bn deal

Private Equity Insights

Street Talk can reveal EQT dealmakers, Frank Heckes and David Forde, have agreed terms with sell-side adviser Jefferies and the buyout firm has been anointed preferred bidder. However, limited partner sources suggested the final agreed price was slightly lower following a period of more in-depth due diligence.

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Top 3 private equity news of the week

Private Equity Insights

Bain Capital confirmed that it destroyed the confidential information obtained during the due diligence process. However, it will continue with the (now hostile) bid for Fuji Soft. This comes in light of a public battle between the two PE giants over the acquisition of the $4bn Japanese software company.