Browsing Tag
Bain Capital
34 posts
Envestnet to acquire Vestmark as wealth technology platform expands trading capabilities
Envestnet has agreed to acquire Vestmark, bringing institutional trading, tax-transition and portfolio-management technology into a platform associated with roughly $8 trillion of assets, although overlapping customers mean the asset figures cannot simply be added together.
The Shepherd Mayfair starts around ÂŁ500 a night, but overnight guests are only part of the revenue plan
The Shepherd Mayfair opens with 82 rooms in London, testing whether prime location, dining and ÂŁ500 rates can deliver strong boutique returns in Mayfair.
Why WPP could cut 1,000 more jobs as Cindy Rose accelerates ÂŁ500m restructuring
WPP is reportedly preparing to eliminate up to 1,000 additional jobs by the end of 2026 as Chief Executive Officer Cindy Rose deepens the Elevate28 restructuring, considers further asset sales and transforms the advertising group around AI after roughly 11,000 positions have already disappeared since early 2025.
Airwallex crossed $1bn in annualised revenue, so why is it still holding back from public markets?
Airwallex says it will be IPO-ready by year-end but sees little reason to rush into public markets. With annualised revenue above $1 billion, an $11 billion valuation and fresh expansion into autonomous finance, the bigger question is whether waiting strengthens the eventual listing or allows private-market expectations to run ahead of financial disclosure.
South Korea’s Lotte sells car rental unit to TPG for $925m
TPG's 1.31 trillion won Lotte Rental deal hands Lotte Group liquidity at a discount to the collapsed Affinity bid, with KFTC review still the last hurdle.
Dhoot Transmission sets Rs 829 to Rs 871 IPO price band as Bain Capital reduces stake
Dhoot Transmission Limited is seeking up to â‚ą3,066.89 crore through a fresh issue and shareholder sale. Revenue growth and electric-vehicle exposure support the offering, but narrowing margins, customer concentration and a sizeable Bain Capital monetisation complicate the valuation case.
Travis Kalanick’s Atoms secures $1.7bn to scale physical AI businesses
Atoms has secured $1.7 billion in debt and equity financing led by Andreessen Horowitz, giving Travis Kalanick’s industrial AI venture fresh capital to automate mining, food production, construction and transport.
Craneware (AIM: CRW) falls 8% as cyber incident adds to post-warning pressure
Craneware has contained a cyber incident without interrupting its healthcare software services, but the theft of employee, customer and partner records has deepened investor anxiety following a recent profit warning and a substantial decline in the company’s market value.
Deluxe Corporation (DLX) to acquire Celero Commerce for $625m in all-cash payments transformation deal
Deluxe Corporation ($DLX) to acquire Celero Commerce for $625M in all-cash deal, accelerating payments transformation. Full executive analysis on the LLR exit here.
Man Group’s Abu Dhabi licence push strengthens ADGM’s claim in the global asset management race
Man Group wants a deeper Abu Dhabi base. ADGM’s asset management race is turning into a test of where global capital wants to sit next.