CD&R Takes Over Shearer’s Foods in $3bn Deal

CD&R Takes Over Shearer’s Foods in $3bn Deal

US snacks business Shearer’s Foods is to get new owners in the shape of local investor Clayton Dubilier & Rice (CD&R). CD&R has agreed to buy Shearer’s from the Ontario Teachers’ Pension Plan (OTPP) fund for an undisclosed sum. Earlier reports had...
Bain Capital Sells $448m Stake in Axis Bank

Bain Capital Sells $448m Stake in Axis Bank

Private equity firm Bain Capital has sold a stake worth $448m in Indian private lender Axis Bank in a block trade on Wednesday, according to a term sheet seen by Reuters.   Bain affiliates BC Asia Investments VII, BC Asia Investments III and Integral Investments South...