Bain Capital nearing final close of Asia fund worth $6bn

Bain Capital nearing final close of Asia fund worth $6bn

U.S. private equity firm Bain Capital is nearing the final close of its fifth and biggest Asia-focused fund after having raised around $6 billion from global investors, said two people with knowledge of the situation. The committed capital to the fund has exceeded the...
Alto Partners and Arca Fondi acquire pharma manufacturer Eurosirel

Alto Partners and Arca Fondi acquire pharma manufacturer Eurosirel

Milan-based private equity firm Alto Partners and Italian fund management company Arca Fondi have agreed to the buyout of Eurosirel, a manufacturer and distributor of medical devices and cosmetics. The transaction is expected to close by June.  As part of the...
Japan’s Toshiba considers $20bn take-private deal

Japan’s Toshiba considers $20bn take-private deal

Toshiba Corp is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance. The...
Tesla rival Lucid Motors to go public in $24bn mega SPAC deal

Tesla rival Lucid Motors to go public in $24bn mega SPAC deal

Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion. Lucid, run by an ex-Tesla engineer, is the latest...