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Hellman And Friedman

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business2 years ago

PE Firms Compete for DocuSign Acquisition

Private equity firms Bain Capital and Hellman & Friedman are in a bidding war to acquire DocuSign Inc, a provider of online signature services with a market value of about $12.5 billion. Blackstone Inc, another buyout firm, is no longer in contention. The outcome is expected in the coming weeks, and while the investment firms have not joined forces, they may partner down the line to clinch a deal. DocuSign shares surged 9.3% on the news, and the company reported quarterly adjusted earnings of 79 cents per share for the quarter that ended in October.

via Reuters|
#acquisition#bain-capital#business
business-finance2 years ago

Private Equity Firms Compete to Acquire DocuSign, Stock Soars

Private equity firms Bain Capital and Hellman & Friedman are reportedly competing to acquire DocuSign Inc, a provider of online signature services with a market value of about $12 billion, causing DocuSign stock to surge more than 9%. The two firms are among the final bidders in the auction for DocuSign, with the possibility of partnering down the line to clinch a deal. Blackstone Inc, another buyout firm, is no longer in contention. DocuSign went public in 2018 at a $6 billion valuation and has seen growth in its quarterly earnings and revenue. The potential acquisition comes amid a slowly improving financing outlook for large leveraged buyouts.

via CNBC|
#acquisition#bain-capital#business-finance
business-finance2 years ago

Private Equity Firms Compete to Acquire DocuSign

Private equity firms Bain Capital and Hellman & Friedman are in a bidding war to acquire DocuSign Inc, a provider of online signature services with a market value of about $12.5 billion. Blackstone Inc, another buyout firm, is no longer in contention. The outcome of the auction is expected in the coming weeks, and it's possible that the competing firms may partner to clinch a deal. DocuSign's shares rose 9.3% on the news, and the company reported a rise in quarterly adjusted earnings and revenue. This potential acquisition is set to be one of the biggest leveraged buyouts of 2024.

via Yahoo Finance|
#bain-capital#business-finance#docusign