This Week’s Biggest News in the Private Equity Markets – Week 21

At Private Equity Insights we have gathered this week’s biggest news in the private equity and venture capital markets.

1. Bain Capital Closes Two Funds at $1.3bn 

Bain Capital Ventures has closed two new funds worth a combined $1.3bn that will mostly target early-stage investments, as it continues to pivot away from growth investments.

The fresh capital raised by private equity giant Bain Capital will back a $950m core fund for seed and Series A investments and a $350m co-investment fund for growth opportunities. The infusion lifts assets under management to $8.3bn.

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2. Amazon nears deal to buy PE-backed MGM Studios for nearly $9 billion

Amazon is nearing a deal to acquire MGM Studios, the co-owner of the James Bond franchise and other film and TV series, for between $8.5 billion and $9 billion, according to people familiar with the matter.

The acquisition of MGM, which is owned by US private equity firm Anchorage Capital, would mark Amazon’s biggest acquisition since it bought Whole Foods in 2017 for $13.7 billion.

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3. VW says Lamborghini is not for sale after reported $9.2 billion bid from PE-firm

Volkswagen has received a $9.2 billion offer for Lamborghini, British weekly magazine Autocar reported on Tuesday, though VW’s Audi said the supercar brand was not for sale.

The non-binding offer sets out terms for the purchase of Automobili Lamborghini by Switzerland’s Quantum Group AG, which has formed a consortium with London-based investment firm Centricus Asset Management, Autocar reported.

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