Bain Capital Partners is to purchase approximately 68 million Genpact common shares from entities affiliated with General Atlantic and Oak Hill Capital Partners for USD14.76 per share, or approximately USD1bn. Closing of the transaction will take place after payment to all shareholders, including GA and Oak Hill Capital, of the

Forty four per cent of investors expect to commit capital to private equity before the end of 2012, the latest Preqin Investor Outlook: Private Equity reveals. Despite uncertainty in the wider financial markets, private equity investors remain positive, with 90 per cent expecting to maintain or increase their allocations to

Care.com has closed USD50m in new funding, led by Institutional Venture Partners (IVP) and joined by existing investors Matrix Partners, New Enterprise Associates and Trinity Ventures among others. Founded in 2006, Care.com has raised USD61m in previous rounds of financing. The company, which has approximately seven million members in more

LNK Partners, a private equity firm focused on investing in the consumer/retail sector, has held the final closing of LNK Partners II.  The fund, which was oversubscribed but capped at its USD400m target to allow the firm to continue to focus on investments in middle market consumer and retail businesses,

Soft Surroundings, a direct marketer and specialty retailer of branded apparel, accessories, beauty products and home furnishings, has sold a majority interest in the business to private equity firm Brentwood Associates. Soft Surroundings will continue to be actively managed by chief executive Tom Wilcher and president Robin Sheldon.  In partnership

Nexage, a mobile advertising exchange, has closed an additional USD5m in funding from Hearst Interactive Media. With the USD5m financial investment, Hearst joins SingTel Innov8, Relay Ventures and GrandBanks Capital in Nexage’s Series B round totalling USD15m. The mobile advertising market is expected to grow to USD20.6bn by 2015 according

Tully & Holland acted as financial adviser to HSN and its subsidiary, Cornerstone Brands, in the sale of The Territory Ahead to Territory Ahead Apparel, an affiliate of Blackstreet Capital. Terms of the transaction have not been disclosed.   The Territory Ahead is a direct marketer of men’s and women’s

Middle market private equity firm Norwest Equity Partners has made a significant majority investment in Stanton Carpet, a distribution company offering a variety of decorative, branded soft floor covering products for the residential market. Founded in 1980 by Sy Cohen, Stanton maintains an active base of more than 3,500 customers