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WorldPay's private equity owners, Bain Capital LLC and Advent International Corp, have canceled the auction of the payment processing firm's U.S. unit, WorldPay told Reuters on Friday.Several people familiar with the matter said the sale was aimed at raising as much as $1 billion.The buyout firms bought four-fifths of WorldPay from Royal Bank of Scotland Group Plc in 2010 for about 2 billion pounds ($3 billion) and were looking to sell WorldPay's U.S. assets to pay themselves a dividend as well as repay debt.No potential buyer was willing to meet Bain's and Advent's price expectations of $800 million to $1 billion, the sources familiar with the matter said this week. Thomas H. Lee Partners LP, CVC Capital Partners Ltd and Thoma Bravo LLC were among the private equity firms in discussions with WorldPay about a deal, the sources said."Following a strategic review of WorldPay U.S., we have concluded that the growth potential and value of the business will be maximized by remaining part of...
FRANKFURT Private-equity firms BC Partners, Bain Capital LLC and Cinven are the remaining bidders for the industrial ceramics unit CeramTec that U.S.-based Rock...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
U.S. stocks mostly advanced on Monday, continuing the S&P 500 index's record run above 1,600 after the April jobs report exceeded expectations."The market had a pret...
U.S. stocks tallied modest gains on Monday, continuing the S&P 500 index's record run above 1,600 after the April jobs report, which exceeded expectations."The marke...
U.S. stocks were little changed Monday following the S&P 500 index's record run above 1,600 and the April jobs report, which exceeded expectations."We'll see if the ...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
BMC Software said Monday morning that it landed a buyout deal with a group of private equity firms for $46.25 per share in cash, or about $6.9 billion in total. The ...
BMC Software Inc said on Monday it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion.The offer ...
In one of the largest leveraged buyouts of the year, a group of private-equity firms unveiled on Monday a $6.9 billion takeover of IT management solutions company BM...
BMC Software is nearing a deal to announce a sale to Bain Capital and Golden Gate, two people familiar with the matter told Reuters on Sunday.The negotiated price is...
Fang Fenglei, a former Goldman Sachs banker and co-founder of Hopu Investment Management, is raising up to $2 billion in a new fund, people familiar with the matter ...
Cerberus Capital Management LP is eyeing about a half-dozen grocery chains for potential bids, as the buyout shop weighs whether to further expand its grocery busine...
Specialty chemicals producer Rockwood Holdings Inc's pigments businesses have attracted offers from buyout firms including Blackstone Group LP and Advent Internation...
Rent the Runway is revolutionizing the fashion industry, making runway clothing a reality for mass consumers. The concept is simple; it allows women to rent luxury dresses, accessories and handbags at a fraction of the cost for a few days at a time.
Drug maker Actavis Inc. (ACT) agreed to acquire Warner Chilcott PLC (WCRX) for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specia...
Drug maker Actavis Inc. (ACT) agreed to acquire Warner Chilcott PLC (WCRX) for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specia...
Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as...
ESPN and Twitter Inc. are announcing a major expansion of their collaboration to post sports-related videos on the short-messaging service--part of a growing wave of...
