Rolls-Royce sells ITP Aero to Bain Capital for €1 7bn theengineer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theengineer.co.uk Daily Mail and Mail on Sunday newspapers.
Western Digital Reportedly Closing Talks to Merge with Chipmaker Kioxia coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
LONDON (Reuters) - British engine-maker Rolls-Royce said it was on track to meet its forecasts for 2021, reassuring investors that despite a muted rec.
The firm had eyes on a $9bn target this time around, hoping to make the most of a volatile dealmaking market rife with opportunity in the wake of the Covid-19 crisis.
Bain Capital collected $7.3bn for Fund XI in 2014 and $10.7bn for Fund X in 2008.
Fund XI had an IRR of 28.5% at the start of this year, Reuters said, while Fund XII aws generating an IRR of about 7.2%.
AltAssets revealed earlier today that Bain Capital was back in the market with the follow-up to its $1bn Asia debt fund closed three years ago.
That fundraise comes amid a febrile dealmaking environment in the Asia-Pacific region, with private equity deal value reaching a record high last year despite a torrid initial decline in the wake of the Covid-19 pandemic.