Business news with words bain+billion. 28 news.

Quintiles tapped Bain Capital and 3i Group as new investors under a recapitalization deal valued at over $3 billion for the health-care services company.

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

After a bumper year, the luxury-goods industry is heading for uncertain times MORE than any other industry, the luxury-goods business needs people to feel good about spending money. So at a recent conference in Moscow, Bernard Arnault, the head of Moet Hennessy Louis Vuitton (LVMH), the world's biggest luxury-goods group, went to great lengths to dismiss investors' fears about the impact on the industry of America's credit crisis, a possible recession and the weak dollar. Indeed, Mr Arnault said he expects the industry's sales almost to double in the next five years, thanks to strong demand from emerging markets and the creation of new wealth across the globe. After a depressing period at the beginning of the decade when the terrorist attacks in America, the outbreak of SARS and the war in Iraq reduced international travel and people's appetite for frivolous things, the industry has had three excellent years. According to Bain, a consultancy, sales of luxury goods grew by 9% in 2006 to EURO159 billion ($200 billion) and will reach about EURO170 billion this year, which would be double the 1996 figure. Europe remains the biggest market, with about 40% of sales, though the strongest growth is in China, Russia, the Middle East and some Latin American countries. ...

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.

Geoffrey the Giraffe, the Toys "R" Us mascot, has every reason to feel he's suffering from whiplash. In 1998 the chain ceded its status as the nation's top toy seller to Wal-Mart. Then U.S. same-store sales slipped for four consecutive years. And in 2005, KKR, Bain Capital, and real estate investment firm Vornado Realty Trust took the company private in a $6.6 billion LBO.

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's $2.2 billion agreement to buy networking equipment maker 3Com Corp. of Marlborough is shaping up to be a political showdown over free trade and national security due to the involvement of a major Chinese telecom company, Huawei Technologies.

3COM Corp, the money-losing computer networking equipment maker that agreed to be taken over by Bain Capital LLC, forecast yesterday it will be profitable in about four years, helped by demand in China and India. The company will earn a profit "around" 2011 as sales rise about 60 percent from last year to US$2 billion, said Jay Zager, chief financial officer of the Massachusetts-based company. 3Com plans to target emerging markets such as India, the world's fastest-growing major telecommunications market, and the Middle East, Zager said. The strategy may build on the success of 3Com's former venture in China with Huawei Technologies Inc, Bain's partner in the US$2.2 billion bid to buy the United States company. "The trick is to offer more products," Zager said. "We're going to focus on emerging markets like India and the Middle East, places where there's going to be greater annual growth." 3Com, which competes against leader Cisco in the US$16-billion global market for network switches, will post an operating profit in the year ending in May 2008, Zager said, declining to specify a figure. The average of four analyst estimates compiled by Bloomberg News is for a US$50.7 million profit. The purchase will lead to some job cuts at the research and development, supply-chain and information technology units of the company, which employs 6,000 people, Zager said, without providing a figure. Shenzhen-based Huawei will hold a 16.5 percent stake as part of the acquisition, scheduled to be completed in the first quarter of 2008. Bain said last week Huawei's involvement won't be a threat to US national security and the company has voluntarily submitted the acquisition agreement for a review by the US Committee on Foreign Investment.

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.

Bain Capital and Huawei Technologies, China’s largest maker of equipment for telecommunications networks, hired five banks to arrange $1.2 billion of loans for their proposed buyout of 3Com, Bloomberg News reported. Citigroup, UBS, HSBC, ABN Amro and Bank of China (Hong Kong) will arrange $800 million of five-year leveraged loans, $750 million of which will be [...]

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.

THE United States will probably investigate the US$2.2 billion purchase of 3Com Corp planned by Huawei Technologies Co and Bain Capital LLC on national security grounds, the Financial Times said, citing former government employees. The US Committee on Foreign Investment looks closely at any Chinese transactions involving the government's information technology, the newspaper said, citing Christopher Simkins, a former Justice Department official. Huawei's ownership of 3Com would be "really worrisome," the newspaper quoted Sami Saydjari, who was an Internet security expert at the Pentagon, as saying.

3Com Corp., the money-losing maker of computer-networking equipment, agreed to a $2.2 billion takeover by Bain Capital LLC and a former joint-venture partner in a move that will further shift 3Com's focus to China. Bain offered $5.30 a share, 44...

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.

The long-rumored private equity buyout of 3Com Corp. came to fruition yesterday, as Bain Capital and Chinese networking company Huawei Technologies acquired the communications networking company for $2.2 billion in cash.

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.