Bain Capital and Goldman Sachs have agreed to sell cosmetics business Carver Korea to Unilever for €2.27 billion; the deal comes a little more than a year after the two investors teamed to acquire the company. Operating primarily in South Korea, Carver Korea generated €321 million in sales and €137 million in EBITDA during 2016.
Separately, RISE Education, a portfolio company of Bain Capital since 2013, has filed to go public on the NASDAQ under the REDU ticker symbol. The company is an operator of after-school English language programs for children in China. Bloomberg reported earlier this summer that Bain Capital was seeking to sell RISE at a valuation of some $1 billion.
Check out our previous Bain Capital coverage.
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More
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