Bain and CC Capital Given Four-Week Extension on Insignia Bids

Bain and CC Capital Given Four-Week Extension on Insignia Bids

Bain Capital and CC Capital Partners were given an additional four weeks to consider their takeover bids for Insignia Financial Ltd. that had earlier valued the Australian wealth firm at about A$3.4 billion ($2.2 billion).

Bain Capital and CC Capital granted Insignia Financial exclusivity extension - Private Equity Wire

Insignia Financial has extended the exclusivity period for private equity bidders Bain Capital and CC Capital Partners by four weeks as both firms continue to work on a proposed acquisition of the Australian wealth manager, according to a report by Reuters. The ASX-listed company confirmed the extension on Thursday, stating that the move follows formal requests from both suitors seeking additional time to finalise their offers. The extension add…

Insignia grants competing PE bidders an extension - Financial Newswire

The competing private equity bids for Insignia Financial remain on foot with Insignia granting the two parties an extension of their exclusive due diligence period. Insignia has announced to the Australian Securities Exchange (ASX) that it had granted the extension in response to requests from both bidders – Bain Capital and CC Capital Partners. It said the extension is to allow the bidders to finalise debt funding and associated due diligence, …