Doomed $3.4b Insignia bid shows how whipsaw markets kill buyout deals

Doomed $3.4b Insignia bid shows how whipsaw markets kill buyout deals

Bain Capital has withdrawn its bid for MLC-owner Insignia Capital, citing uncertainty caused by the volatility on global markets, leaving just one suitor at the table.

PE-backed Chocolate Works announces more M&A

Chocolate Works, backed by PE firm Insignia Capital Group, has acquired fellow US-based confectioner Thompson Chocolate.The post PE-backed Chocolate Works announces more M&A appeared first on Just Food.

Bain withdraws from $2.2bn Insignia race amid market volatility

Bain Capital has exited the race to acquire Australian wealth manager Insignia Financial, walking away from a potential AUD3.34bn ($2.2bn) takeover amid heightened global market turbulence, the firm confirmed this week, according to a report by Reuters. The private equity giant had been one of three contenders vying for control of the ASX-listed firm, but its withdrawal leaves New York-based investment manager CC Capital as the sole active bidde…

Then there was one – Bain out of Insignia race - Financial Newswire

Bain Capital has fallen out of the private equity race to acquire Insignia Financial, leaving only CC Capital in field. Insignia Financial announced to the Australian Securities Exchange today that Bain had withdrawn stating that it was unable to proceed to making a binding offer “due to macro uncertainty caused by the volatility in global markets”. Insignia said it remained in discussions with CC Capital which has advised it is continuing to ac…