Bain Capital's $3.5B SoftwareOne Buyout Shows Life

Bain Capital's $3.5B SoftwareOne Buyout Shows Life

Private equity news the week of January 8th, 2024.

Insights

Chart of the Week: One of the key trends for private equity operating partners in 2024 involves extending the strategic planning horizon for portfolio companies from 3-5 years to 5-7 years, reflecting longer holding periods. In 2023, the average private equity holding period surpassed seven years. This longer horizon for exits enables more sustained and deeper value creation strategies, moving beyond quick wins. (Read More)

More Insights

  • Private Equity Operating Trends Report 2024 (Read More)
  • Turnaround Case Study: Dell Technologies (Read More)
  • The 100 Largest Private Equity Buyouts of All-Time (Read More)
  • Private Equity Firms Are Increasing Exposure to These Industries (Read More)
  • AI in Private Equity Report 2023 (Read More)

Deal News

Bain Capital is reportedly still in talks with SoftwareOne about a potential buyout. Previous reports suggested that the enterprise software maker was planning to reject Bain’s $3.5 billion offer, but a new statement issued by the company on Monday clarified that discussions are still ongoing. (Source)

Meanwhile, Bain Capital is preparing to exit Centrient Pharmaceuticals for as much as $1.1 billion. The company manufactures antibiotics and anti-fungal medicine. Bain acquired the company, formerly known as DSM Sinochem Pharmaceuticals, for approximately $575 million. (Source)

PE-backed retailer KnitWell Group — which includes brands such as Ann Taylor, LOFT, and Talbots — has acquired Chico’s, White House Black Market, and Soma. The newly-combined portfolio of brands generates approximately $6 billion in annual sales. The deal was orchestrated by Sycamore Partners which owns KnitWell Group. (Source)

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