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Deals

Fuji Soft backs Bain in PE bidding war

Japanese IT company Fuji Soft’s founding family has reaffirmed its support for a takeover proposal by private equity firm Bain Capital, despite opposition from Fuji Soft’s board, according to a report by Reuters citing a jointly released statement with Bain.

HarbourVest Partners joins KKR and Hg in Citation investment

Global private investment firm HarbourVest Partners has made an investment in The Citation Group, a provider of tech-enabled compliance and certification solutions for small and medium-sized enterprises, joining existing investors KKR and Hg.

777 Partners passes on Italian football club

US private equity firm 777 Partners has transferred ownership of Italy’s oldest football club, Genoa, to Romanian businessman Dan Sucu, but will retain a minority shareholding, according to a report by Reuters.

General Atlantic-backed DLocal explores sale

DLocal, the Latin American payments provider backed by private equity firm General Atlantic as its largest shareholder, is exploring strategic options, including a potential sale, according to a report by Reuters citing sources familiar with the matter.

Bain Capital eyes Sizzling Platter deal

Bain Capital is in negotiations to acquire Sizzling Platter, a company that operates several restaurant franchises including Little Caesars and Jersey Mike’s, for over $1bn, including debt, according to a report by Reuters.

Insignia rejects $1.69bn Bain bid

Australia’s Insignia Financial has turned down Bain Capital’s AUD$2.67bn ($1.69bn) takeover offer, stating that the bid fails to reflect fair value for its shareholders, and blocking Bain’s Asia expansion, according to a report by Reuters.

Bain Capital LI

Bain and KKR Fuji Soft battle heats up

Bain Capital is proposing a $2bn tender offer for nearly half of Fuji Soft’s shares, even without the Japanese IT firm’s board approval, if a competing second-round bid by rival buyout firm KKR fails, according to a report by Reuters.

CVC eyes Vivendi’s Telecom Italia stake

CVC Capital Partners is reportedly in talks to acquire Vivendi’s share in Telecom Italia, a step that could open the line to a complete takeover of the Italian telecoms company, according to a report by Reuters, citing sources familiar with the matter.

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