Bain Capital

The European Commission has approved Bain Capital’s takeover of a 51 percent stake in large-engine manufacturer Everllence without antitrust conditions. VW is selling the stake and will receive €7.4 billion, but retains 49 percent, continuing to focus on its core business. Bain plans to enter the market for large engines, turbomachinery and decarbonization solutions; the five German sites will remain open until at least 2030 and redundancies for operational reasons are ruled out. » Plus sur zeit.de

Bain Capital and Tillman Global are investing $1.5 billion in Eaton Fiber to finance the acquisition of Ripple Fiber and accelerate the build-out of fiber broadband networks for Verizon in the US. Eaton Fiber plans to reach more than one million locations outside Verizon’s existing network through network construction and acquisitions; Verizon will remain the exclusive provider for retail distribution, marketing and service. Verizon will take on existing customers of Ripple Fiber and acquire parts of the network in North and South Carolina. The deal is expected to close by the end of 2026 and is subject to customary conditions and regulatory approvals; the debt financing will be provided by a consortium led by SocGen and SMBC. » Plus sur de.investing.com

Bain Capital has fully divested its entire stake in Japanese flash‑memory maker Kioxia, Managing Partner David Gross confirmed. Bain led the $18 billion takeover of what was then Toshiba Memory in 2018 and had gradually reduced its holdings since the IPO at the end of 2024. AI‑driven demand for memory chips pushed Kioxia’s market capitalization to about ¥56 trillion in mid‑June, allowing Bain to realize a substantial gain on its investment. Toshiba remains the largest single shareholder with roughly 22%. » Plus sur de.investing.com

Department store chain Galeria has received a 10 million euro bridge loan from minority shareholder Bain Capital to ease strained liquidity. Galeria has asked landlords of 83 stores to defer rent payments; some payments due in March and April are to be pushed to autumn and repaid with interest. Negotiations on lease terms are ongoing, and further store closures remain possible if no viable solutions are found. » Plus sur finanzen.net

Cybersecurity startup CodeWall gained access to Bain’s Pyxis platform within 18 minutes and, it says, was able to view nearly 10,000 AI conversations. Access was possible because publicly available login data was used in web code; the attackers also found email addresses and security tokens that could be used to create accounts or impersonate employees. Bain said it promptly fixed the issue after being alerted and disputed the portrayal of its scope, while CodeWall had previously exposed vulnerabilities at McKinsey and BCG. » Plus sur manager-magazin.de