Business news with words bain+billion+partners. 14 news.

BAIN Capital Partners' US$2.2 billion acquisition of 3Com Corp is expected to be finalized by the end of the first quarter, though the deal is being investigated by the US regulator because of a Chinese firm's involvement, the US-based private investment firm said yesterday. Bain Capital announced in September its plan to acquire the US-based telecom equipment firm 3Com. As part of the transaction, Huawei plans to acquire a minority interest in 3Com. The US regulator intervened later citing "national security" because 3Com's clients include the Pentagon and other US bureaus. "It is just a deal between two US companies and many steps can be taken to avoid a 'China connection' to the 3Com's sensitive clients," said Jing Huang, Bain Capital's managing director, who was attending the China Venture Capital Annual Forum 2007 in Shanghai. Huawei will acquire the 3Com's stake, 16 percent as reported, through Huawei Tech Investment, a Hong Kong-based subsidiary and it

Clear Channel Communications said Tuesday that it now expects to close its $20 billion buyout by Bain Capital Partners and Thomas H. Lee Partners in the beginning of 2008, rather than the end of this year. “Clear Channel is confident that the necessary regulatory conditions will ultimately be satisfied. However, it is not expected that these [...]

Providence Equity Partners Inc. may back out of a $1.2 billion agreement to acquire Clear Channel Communications' 56 television stations. Providence is the financial backer for Newport Television, a company formed by former Wichita television executive Sandy DiPasquale. Newport is operating out of Wichita offices pending its planned December move to Kansas City. DiPasquale is recuperating from an illness and could not be reached for comment Tuesday. His son, Michael, didn't return calls to the Wichita office. Other company officials declined comment. Providence may not close the deal on the terms agreed upon in April, San Antonio-based Clear Channel said Nov. 9 in a regulatory filing. The sale outcome doesn't threaten Clear Channel's pending $19.5 billion takeover by Thomas H. Lee Partners Inc. and Bain Capital LLC, the company said.

Bain Capital Partners L.L.C. has completed its purchase of the kitchen and bath products business of American Standard Companies Inc., a rival of both Johnson Controls Inc. and Kohler Co., for $1.75 billion. (JCI)

Bain Capital Partners LLC has completed its purchase of American Standard Companies Inc.'s kitchen and bath products, acquiring that portion of the company's business for $1.745 billion, it was announced Wednesday. (ASD)

WASHINGTON - 3Com Corp. shareholders have filed a class-action lawsuit to prevent a $2.2 billion buyout by private equity firm Bain Capital Partners and China's Huawei Technologies, the company disclosed Wednesday.

Bain Capital Partners on Wednesday said it will submit for a national security review its proposed $2.2 billion buyout of networking equipment maker 3Com. Government scrutiny was anticipated ever since the acquisition was announced Sept. 28 because of a minority stake in the deal held by Chinese telecommunications company Huawei Technologies, which has close ties to [...]

Bain Capital Partners on Wednesday said it will submit for a national security review its proposed $2.2 billion buyout of networking equipment maker 3Com Corp.

3Com Corp., a maker of networking hardware and software, will be sold to affiliates of private equity firm Bain Capital Partners LLC for US$2.2 billion and taken private, 3Com said Friday.

BOSTON - Network equipment maker 3Com is giving up its independence in a $2.2 billion buyout by Bain Capital Partners, but it's gaining freedom from the whims of the market and a chance to expand in China.

Network equipment maker 3Com Corp. is giving up its independence in a $2.2 billion buyout by Bain Capital Partners, but it's gaining freedom from the whims of the market and a chance to expand in China.

BOSTON - Network equipment maker 3Com Corp. is giving up its independence in a $2.2 billion buyout by Bain Capital Partners, but it's gaining freedom from the whims of the market and a chance to expand in China.

NEW YORK (Reuters) - Network equipment maker 3Com Corp said on Friday it will be bought by private equity firm Bain Capital Partners for $2.2 billion in a deal that will also give China's Huawei a minority stake.

Network equipment maker 3Com Corp. is giving up its independence in a $2.2 billion buyout by Bain Capital Partners, but it's gaining freedom from the whims of the market and a chance to expand in China.