CVC to acquire Samsonite for $1.7 billion

(Reuters) - Samsonite manufactures and distributes luggage and travel-related products under its namesake brand and others such as American Tourister, Lacoste and Timberland.




Its principal shareholders -- entities controlled by Ares Management LLC, Bain Capital Partners and Teachers' Private Capital, which is a private investment branch of Ontario Teachers' Pension Plan -- have agreed to the transaction, Samsonite said.


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Big private equity groups polish German image

(Reuters) - The new group includes Blackstone , Allianz Capital
Partners , Apax [APAX.UL], Advent, Bain Capital, BC
Partners, CVC [CVC.UL], KKR [KKR.UL], Permira [PERM.UL] and TPG
[TPG.UL].




The new group will commission studies from independent
research institutes on the economic importance of private equity
activities in Germany, with group members providing data about
their investments, BVK said.


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RLPC-UPDATE 1-Bombardier Recreational Products delays bank loan

(Reuters) - The company on Friday postponed a $1.12 billion term loan
that it was raising to refinance debt and pay a $505 million
dividend payment to owners Bain Capital, Beaudier Group and the
Caisse de dep't et placement du Quebec, sources told Reuters
LPC.




The loan was being led by Merrill Lynch and was expected to
pay lenders 250 basis points over Libor.


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Bain to buy German yacht maker for about $1.8 bln

(Reuters) - LONDON/FRANKFURT, June 27 - Private equity firm Bain Capital is buying Germany's biggest yacht builder, Bavaria Yachtbau GmbH, for about 1.3 billion euros with plans to expand the business into new markets.



The company produced 3,500 yachts in the year ended July 31, 2006, at its facility in Giebelstadt with sales of about 271 million euros. Bavaria Yachtbau employs about 620 people.


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Edgars widens guidance on high-yield bonds - source

(Reuters) - South African retailer Edgars Consolidated Stores (Edcon) is offering higher yields on 1.83 billion euros of high-yield bonds it is selling to fund its buyout by Bain Capital after Wednesday's credit market sell-off, a syndicate source said on Thursday.

The clothing and fashion retailer plans to sell 1.18 billion euros of 7-year senior secured floating-rate notes yielding 275 to 300 basis points over Euribor, the source said, versus earlier guidance of 275 basis points area.


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OSI says private investor group increases bid to $41.15/share

(Reuters) - The company said the investor group comprises Bain Capital
Partners LLC, Catterton Partners and company founders Chris
Sullivan, Robert Basham and J. Timothy Gannon.





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