28 Burst results for "bain capital"

"bain capital" Discussed on Capital Allocators

Capital Allocators

07:30 min | Last month

"bain capital" Discussed on Capital Allocators

"Our assets longer. One of the unique elements of our firm is that we've always been our largest investor so we didn't really think about raising money and we weren't great on wall street with were great at raising debt. We weren't actually that even that good being dealmakers but we were really good at this strategy and operation intervention and and so that was what it was like. It worked really well and it works. Well today it's just a lot more competitive just so we can lick our chops. What were the kind of multiples you remember paying back. Then where my first deals that you know. I do a lot of healthcare investing and there was a business that a company called baxter. Healthcare big healthcare company owned a lot of different divisions and. we did a lot of corporate carve outs. But this business one that was an orphan. Inside baxter that he'd never invested in. It had lost one of their key suppliers. The business was going. Negative are pieces for learning some money somewhere losing some money and they just wanted out but what was really important to them as they wanted a partner who would still distribute the products through baxter and so we negotiated a carve out three times. He thought that time which obviously today diagnostic world. Things traded fifteen to twenty times. So that's a in of itself a big opportunity for us but we also had to do some heavy lifting about turning the business around. Would there a marquee deal or something that as a firm you look back on today and tell the story over and over again of particular situation from the early years. The way i was introduced to bank capital was we were looking at the oilfield equipment industry which in the late eighty s. You know when oil went to its lowest level that point there's a lot of carnage a lot of challenges and baker hughes had bought an oilfield equipment business and that happened. You know all of that carnage happened to this business. It was in the offshore drilling and subsea wellhead business very exciting business. I spent a lot of time. In aberdeen scotland and singapore and houston. But we ended up convincing the sellers that we would be the best operators of the business and so the sellers in this case had two hundred million dollars preferred on a business that was losing fifty million dollars and they asked us to put up some money at least to show that we had risk capital so we put up seven million dollars for a business. It was losing fifty now. The good news is that we did operate it well. The oil business stabilized. We invested in some really interesting new products and we ended up making forty to fifty million dollars by the time we we exited to say brown of ra. But it's great deal because it had shown at the time that we could do what we wanted to do which is understand industry and dislocation. We can do what we wanted to do. Operationally invested a new products. But actually the thing. I love about that story. Most is that the confidence that the seller put in us because they rolled over a big stake in the investment and the fact that we were able to purchase it based on that preferred stock being something that we would recover for them. It allowed us to have a really great partner. And i think that partnership story in terms of how we talk about carve outs with counterparties like to sheba today or or others like the big corporations that we see out there investing today at one of many important chapters that show how we can partner with those kinds of counterparties so at some point in that early evolution. Any one of these boutique specialists investment managers runs to this point. In time. Where you say should we keep doing exactly what we're doing or should we evolve into something else. How did that start to take hold at the firm. I didn't get there at the founding so there were five partners there in the early days but there was about four or five of us that came along in the late eighties. Maybe you're to after me couple around my time and and of course we were very sure of ourselves and we thought well gee how are we going to have your job. How are we going to be partners in this stink together and yet pretty flat partnership and he really felt like growing. The size of the pie was the way to win long term so they didn't have a choice being capital but to grow up because they have satisfy the ambition of a lot of probably overly confident. Young bucks who felt like look unless we grow this firm. We're not gonna be able to keep our talented people. And i tell that story a lot because every time i have somebody come in my office and tell me seattle. No if the firm can get bigger. Where's my opportunity. I i say. I've had that conversation with over a thousand people being capital since i've been there for thirty two years and as long as we keep growing as we keep providing opportunity for people. It's gonna all workout. It's interesting because at that time. One of my peers went on to run our and star public equity business. One of my peers started our credit business. One of my peers. Reinstituted are venture business as a dedicated business when my peers went onto star europe business and then one of the other ones went off to become. Ceo of sierra leone three of our company so a little bit of a strategy i which resulted in really a growth strategy. All along the way. How did you balance that opportunity set. You're providing for the people the up and comers on your team with clients who often look at those kinds of evolutions and say well. You should just stick to your knitting. We like what you're already doing. We do have the luxury of having investors that have been with since the mid eighties and have rolled over their capital and create a very large endowments as a result. They do challenge us all the time about what is the right growth strategy and i would say even there is an idea that growing too fast is a challenge but it really is the case that retaining people if you look at it through that prism and retaining talent that is in fact in their interest to do and if on top of that. You start off premise. Which i actually believe is true that you can achieve high performance at scale. There's this natural tendency to believe or feel like that scales correlate with lower returns and it is by the way but it doesn't meet its causal which is to say if you can find this elective opportunities at scale where you can generate high-performance which we think we've done over the course of our history. Our large deal performance is as good and sometimes even better than are smaller to mid size investments and we could actually build more capabilities. We can actually have a bigger team. We can be more global in our scope in all of that makes our business model. That much more effective. What were some of those challenges to growth along the way. It's never smooth bath. Well i think that one of the things that's unique. We don't have a ceo model. I'm a managing partner at bain capital. Which means i serve my highly ambitious and and highly needy partnerships desires for what i should do and the truth is when we started to build scale and we were in five businesses. We actually got into credit in public equity adventure before anybody else. In the late nineties we acted and operated as partners and were a consensus oriented team oriented collegial environment but we didn't have the single point accountability. That you really need as you scale. And so working through committees and working through part time jobs to manage business units or geographies or even the firm didn't work as well particularly through the the gfc. And so. I think that what we've done a lot over. The course of the last fifteen years is really built. The benefit of the partnership. And that..

forty fifty fifty million dollars fifteen thirty two years five partners two hundred million dollars late eighty s. singapore mid eighties seven million dollars houston late eighties five businesses baxter today five One Ceo three
Virgin Australia boss quits ahead of new ownership

AFF on AIR Podcast

00:43 sec | 8 months ago

Virgin Australia boss quits ahead of new ownership

"Aliens and frequent flyer programs these fortnight and firstly virgin australia has finally exited voluntary administration o'shares indigenous astray which transferred to the new owner bain capital last week and shortly afterwards. Richard branson's virgin group purchased a five percent stake of that meaning. That virgin is now ninety. Five percent owned by bain capital. Us private equity firm and five percent owned by the virgin group as virgin came out of administration. Poll scar also stepped down as ceo. Having been the face of virgin australia for the past eighteen months or so mister scar has been replaced by former jetstar ceo. Jane heard liquor last week. We also learned more about the veg- industries plans to the future.

Virgin Australia Indigenous Astray Bain Capital Virgin Richard Branson United States Jetstar Jane
Guitar Center Files for Chapter 11 Bankruptcy In Wake of Debt Restructure

Business Wars Daily

03:17 min | 8 months ago

Guitar Center Files for Chapter 11 Bankruptcy In Wake of Debt Restructure

"Hope you all had a good if quiet thanksgiving yesterday. Maybe it's been some of that time playing music guitar. Sales picked up this year. Many observers shock the guitar had been in a death spiral for years. According to the new york times writer. Alex williams reminded readers than twenty seventeen. Eric clapton himself said maybe the guitar is over. But this september the times reversed course hold the obituaries. Williams wrote six months into the pandemic. He wrote quote. People are turning to the guitars. Quarantine companion and psychological south spurring a surge in sales for some of the most storied companies. That has shocked. Even industry veterans sales of fender guitars especially the iconic stratocaster are off the charts so to gibson which had declared bankruptcy in two thousand eighteen and other instrument makers in virtual teachers are also happily for the most part struggling to keep up with demand to capitalize on that trend. Guitar center is airing twenty-five inspirational origin. Stories from musicians on. Its youtube channel. The retailers make music. Camping started early this month. They'll keep adding new performer. Profile through december twenty four th in addition guitar center is asking musicians everywhere to post their own videos to social media answering the question hashtag why we make music kicking off guitar. Center's campaign was grammy award winning musician. Hdr talking about being surrounded by musicians as a child. Here's a clue. My dad had a cover band when i was a little girl and they would rehearse every family gathering you know my mom's filipino. Filipinos love karaoke. So a lot of karaoke housing's lot. James brown and you know a bunch of old guys you know playing bass drums and jim out all the time in my house. But here's the rub a surging guitar keyboard and drum sales has bullied guitar center but not anywhere near enough last saturday. The country's largest music retailer filed for chapter eleven protection cove forced closures earlier. This year brought the struggling guitar center to the breaking point. Even though online sales picked up later in the year the business will continue selling instruments online and off and said it will continue paying employees and vendors in full guitar center operates. Three hundred stores in the. Us also owns music and arts which sells and rents instruments to school orchestras through. Its two hundred stores. Guitar center hopes to exit bankruptcy by the end of the year. It's difficulties began years ago. Actually two thousand seven. Bain capital took it private in a leveraged buyout. That deal left guitar center with more than a billion dollars of debt. The new york times reported under its bankruptcy plan about eight hundred million dollars of debt will be wiped out still retail dive reports that leveraged buyouts of led to the struggles or outright downfalls of numerous retailers think sears neiman marcus and lucky brands among others but for guitar center online rivals also hurt amazon of course but also sweetwater which specializes in music and audio equipment unlike amazon it employs sales people knowledgeable about both music and audio equipment sweetwaters sales of instruments in podcast gear have spiked during the pandemic. All of which is why. It's so important for tar center to employ a little inspiration to sell as many guitars and other instruments this holiday season as it possibly can to stars potential stars and well the rest of us

Alex Williams Guitar Center Eric Clapton The New York Times The Times Gibson Grammy Award Williams James Brown Youtube JIM Bain Capital Lucky Brands Neiman Marcus Sweetwater United States Amazon
Virgin Australia CEO Paul Scurrah resigns after Bain shake-up

AFF on AIR Podcast

03:36 min | 10 months ago

Virgin Australia CEO Paul Scurrah resigns after Bain shake-up

"It been an extraordinary fortnite for Virgin Australia in a few weeks virgin will come out of voluntary Administration, but it's future remains far from certain wage. Following the extraordinary Revelations this week that CEO Paul skaara will leave the organization as soon as Bank Capital takes control of the company in early November replacing skaara will be for Majestic Geneseo. Jane heard liquor who is reportedly feared by unions as a ruthless and heartless negotiator. Officially Paul scar has has he made the decision to step down after discussing his family. He said that the time feels right and that he knows the business will now be in good hands, but there are very strong rumors that skaara was forced out of the position or chose to leave because he fundamentally disagreed with action Bane is taken the airline back when Bain Capital was announced as the preferred buyer of Virgin Australia many feared that rather than doing what they said. They were going to do the US private Equity Firm couldn't be trusted and could just slash-and-burn ahead of a quick sale of the airline and for many their worst nightmares, and now coming true the removal of CEO Paul Scarborough log. View Bain Capital had repeatedly and publicly backed since they agreed to buy virgin only scratches the surface. Unfortunately, the new owners are also now trying to negotiate with the various unions and those negotiations over Enterprise. Bargaining Agreements are not going. Well. Ben wants to slash Pilots pay by around 30 to 40% and cut flight attendant pay significantly as well flight attendants would also lose lose their overnight allowance, which is around $125 a night each night that they're away from home and their Duty time limit would also be increased from 9.455 to 12 hours per shift which would make same-day return trips from Sydney or Brisbane and Perth possible versions customers are also starting to feel let down many have not received refunds for flights that Vision had canceled and earlier this week. It also emerged that version cab and crew are taking sick leave to avoid dealing with business class passengers that are unhappy about being served. Noodles as the in-flight meal and unfortunately, that's a pretty accurate reflection of where virgin is right. Now in fairness to Virgin their website does say that complimentary meals and the purchase of additional food and drinks will not be available on board, but they do promise that each guest is going to be served a snack and water regardless of the cabin and even that's not really happening at the moment virgin is a sub so long on stock that it's now rationing the snacks. It serves to economy class passengers and there's no longer any Diet Coke or wine for business class passengers, they're out and not getting any more stock but catering worries aside. There is still also no indication. If or when Virgin Australia's lounges will reopen there's now speculation that bank Capital could close even more lounges than they originally announced an a virgin is also cutting some of the benefits offered to frequent flyers when traveling with International partner Airlines velocity frequent flyer announced this week that it will no longer award points or status Chrome. On any code-share flights with a VA flight number that operated by International partner Airlines in addition velocity members no longer have access to any Alitalia Hainan Airlines or Hong Kong Airlines airport lounges velocity Point upgrades on Delta are being discontinued and velocity members can no longer request complimentary Comfort plus upgrades when flying with Delta life in or to the United States

Virgin Australia Virgin Paul Skaara Bain Capital Paul Scar Bank Capital CEO International Partner Airlines United States Alitalia Hainan Airlines Hong Kong Airlines Geneseo Jane Paul Scarborough Delta Equity Firm BEN Sydney Vision Brisbane
"bain capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:50 min | 11 months ago

"bain capital" Discussed on Bloomberg Radio New York

"Locations now over in India, it's far as becoming a global Happy center in the corner of ours, with 80,000 infections reported In a single day. Scientists around the world are racing to find a vaccine with economies and lives left reeling by the upheaval in next guest estimates a treatment may come early next year, but says involving the private sector and not being dependent on the government is absolutely crucial. Joining us from Mumbai's Bernstein, India. Healthcare honesty. Nydia Balasubramaniam Media Good to have you with us What's driving this optimism about a vaccine? Nothing globally, not at least four candidates, which are racing towards the finish line and barely actually scores is in terms ofthe capacity for manufacturing backseats. If you look at globally there around 5.7 billion doses of vaccine manufacturer and India alone has capacity for manufacturing 2.3 billion doses for you. So India has. Actually some of the larger manufacturers have been able to strike partnerships. It's enough, the noble candidates The seed, Um and stewed of India, which is one of the largest capacities globally has existing partnerships now with AstraZeneca knots would so that they can manufacture and commercialized their vaccine once it's approved. And they also have a partnership that nobody acts which is again another candidate, which isn't a stick and a good tries already so distant, see them and stood just threw serum and student in there. We have access to do off the late stage candidates. Biologically is another again globally large manufacturer, which has partnered with Johnson and Johnson's Johnson and Johnson, and has access to their vaccine candidate there will be manufactured and commercialize it in India. Something Because of these partnerships. India definitely has multiple short of the goal. And even beyond these noble candidates, we have several indigenous candidates also in the pipeline slightly earlier stage and Phase one and Phase two. But again enough options out there and which is why I'm fairly optimistic that only next year you will see the first few people stalking it's starting to get vaccinated. So no idea. What does it mean? What does it mean for the Indian healthcare, sect and Indian healthcare plays? Are they more than just a safe haven during troubled times. Absolutely. I think since school well, you have seen a fairly sharp rally when it comes to health care and former unspecific and I think a lot of it does have to do with the fact that there is a lot of dignity in the system, and people did. Flocked to farmer because it's a relatively more resilient sector. In fact, it's pretty much the only sector with a positive blood. Look in a fight, but I actually believe that fundamentally, we're actually at an inflection point. And from now on, you should actually start seeing a monkey on his good side. And which is why I Thing. E. Beyond the rally that you're seeing. I do believe that there is room for room for in a few dozen should now push for push on me. This is good happened. One is I think one is, I think the materialization of the complex Hendrik opportunity in the U. S. Ah, law. Seatbelts in Indian health, condescending about a submarine and we got a few technical issues that will try and get back to, But we do have some news is breaking moment. Just confirmation coming through from what we had earlier that this Virgin Australia sailed to bein private US private equity company and Bain Capital has been approved by the court. So that's That one done at the moment. Just have a look If there's any more details coming through because it was original from the air far but we've got Bain Capital Woman confirming that as well. Other needs is coming out, as well as Scott Morrison's been talking in the Australian prime minister looking at ways to increase international arrivals and also the member. They're looking at ways that they can actually perhaps get Arrivals from New Zealand coming in as well, and it could relax those restrictions that limited numbers of people can only arrive in Australia at the moment, so that's a couple of news stories. It's just breaking at the moment. First of all, we have been capital, confirming that deal for Virgin Australia on saying that it has indeed being approved by the administrators. Okay, let's have a look at what's going on Indian market boys. We're about three minutes away from the start of the session there on what we are, and having indications off is actually a down arrow story. We've got some price discovery as well and thus is reflecting what's going on. They're on reflecting what's going on in the rest of the region as well. Where? Indeed, the shockwaves that 5% plus full for the NASDAQ is being felt here as well. Right. I believe that we can get back to our guest here. Balasubramaniam, and I think you're just talking about the challenges involved with vaccinations. And I just get an idea of a country that size if you got 23 companies with vaccines is still going to take an awful long time to get everybody immunized. No, absolutely. I think. While I am optimistic that it will be a vaccine on the market only next year, I think the last person to get the vaccine is probably at least 2.5 years away. And I'm actually seeing three challenges number one. Even with the capacities we already have. I think it'll be fairly difficult to scale up to address of 1.3 billion population and most of the late states candidates. It seems likely that you would need two doses for person. So that's 1.3 billion population and multiply it by two. That's 2.6 billion doses that would be required maybe less so for hard immunity, but it's still a very, very large number. The second I don't think in 2021 we would have enough capacities to vaccinate everybody. The second challenge I'm seeing is even assuming that we saw for the capacity issues somehow, if you look at the kind of kind of vaccine programs that India has experience with visa, largely pediatric vaccines and vaccines for pregnant women. The steel they're talking about in another vaccination programme is easily 3 to 4 X. What India has experience experience so far with so cool change, storage and trained man forward about administer vaccines will be a very, very big challenge. And if you look at some of the recent programs that the government has implemented, it seems like the throughput of the system is around 50 to 20 million doses per month. And that is nobody close to what would be required if you want to vaccinate at least 60 70% of the population. S o. I think Jesus And if you tell me Challenges. Just tell me you say that the private sector should be involved in and not the government surely should be a combination of both. Absolutely. I think it has to be a combination of both. I think the point I was making all you is that if the government basically veteran on the mantel entirely on short, because then it's going to be conventional time for Us to access the vaccines, which is why I think the private sector should step in. This'll definitely bolster both cold chain storage and green man book capacities. Having the government needs to get going down. The private sector needs to get really creative..

India Bain Capital Us Australia Mumbai Johnson Happy center Virgin Australia stalking Bernstein Scott Morrison Hendrik Balasubramaniam prime minister New Zealand
Virgin Australia airline to be sold to US-based Bain Capital

BTV Simulcast

00:33 sec | 11 months ago

Virgin Australia airline to be sold to US-based Bain Capital

"News for you. We got the administrators formerly approving the sale of Virgin Australia to the U. S private equity firm, Bain Capital Credit is led by the stricken airlines. Trade unions actually also approve the transaction of the meeting. It Less than three hours seeing bays, $3.5 billion take of this great through on the number and depth ballots. Administrators needed to cast their votes here. The sailors, even the green light. From the stricken airlines 10,000 creditors who owed something like $6.8 billion, OK, that's what we have breaking in the moment and

Bain Capital Credit Virgin Australia U. S
Deval Patrick to Democrats: Others have plans, I have results

Cape Up with Jonathan Capehart

09:21 min | 1 year ago

Deval Patrick to Democrats: Others have plans, I have results

"Divall Patrick is the accomplish two-term former governor of Massachusetts and he's running for the Democratic nomination for president. His is an Uphill Hill. Fight made tougher by the fact that African American voters are not giving the only black candidate in the race now the boost and support. He needs to have a fighting chance. The Patrick isn't giving up with reasons I said earlier. You know I have Others have plans. I have results here. What they are right now governor? Patrick thank you very much for being on the podcast Jonathan. Thank you for having me all right so when we were writing up in the elevator you said to me what what was that that you're a black man can't win so let's let's go right there. We're talking about my aunt. Gloria man part was off the Rick Now I read your column I read your column and I you know I was telling you on the way up about a caller to a a radio call in show. I was on in South Carolina a few weeks ago and he sounded. And I'm I'm aware of my presumptions and say he sounded like a Like a black man and he said To the effect governor. Patrick he said you know you are exactly right. You are just right for the country he said but I don't think that America's going to elect another black president And I will say more and he said well you see that Trump is the reaction to Obama and and we're just not ready for For Black President we thought we were when we elected Obama. But we're not today and you know I I have not Had not heard that again Until I saw your uh until I saw your article and I know you said that's not exactly what you were Right the article was about well. I mean what we're talking about is my my aunt. Gloria who lives in North Carolina at the Family Barbecue will uphold. I my relatives in in in the in the in the yard at the barbecue and she said the way the the the system the way it is right now things being so racist that it's going to take an old white man into beat an old white man old school against old school and that was her argument. For why Joe Biden she thought would be the person who should be the nominee the and should be someone who could beat President Trump and the Washington Post did a pole with Ipsos where Vice President Biden foreign away is leading among black voters in this was a poll. Only a black voters this sort of reinforced On Gloria's areas viewpoint you're standing in that poll was less than point five percent Do you think I mean given the call from the South Carolina giving on Gloria and the family hold them well the oath of the look. I think I might experience as a candidate. Eight and watching Candidates and in politics is to be deeply skeptical of polls Really right up until the eve of the election the mole that it matters to say the obvious is is Is the vote cast by by voters you know polls told us that the outcome of two thousand sixteen presidential the election was going to be very different than than the and it's not that all poles are bad. It's just I think most of what we're getting today are polls about name recognition in that. Add respect I have a lot of work to do Nationally and we're getting that work done but I think the the The part of the of the column Jonathan if I may okay so as a Respectful of your incredible work. I'll give you the critique. No it just made me sad Because I think what is happening in many ways and this goes beyond race but I also see it among A black voters I meet is that we are so focused on the very very very important work of defeating the incumbent president that we are all of us looking for permission to devote our aspirations so we keep being We keep talking ourselves or in some cases being talked into. What is the smart outcome and candidates do it as well Columnists pollsters pundits and And so forth and I think you know voters others have a singular power and that is to make up their own minds about who best represents events their aspirations for for themselves their families their communities and And the nation and seating that to To people who were you you know hard at work trying to sort of outsmart or forecast outsmart. The electorate forecast the election before people have really begun to focus in on it. I think is a a is a worry not just for me as a candidate but for me as a citizen. I'm going to ask you this question that I have I have here. You may have already answered it. But I'm going to ask it because it's sort of our black voters being pragmatic or too cautious is not just black voters and and When I say When you when when I hear pragmatic I am hearing That they are buying a narrative about likelihood of success from people whose success at predicting likelihood is mixed at best folks aren't GonNa unreason their way through polls and punditry to the right answer. They're going to Eventually pay attention to. WHO's making the best case and WHO's likely to make the strongest case against Against President Trump and the fact that we know Joe Biden. We're familiar with With Joe Biden. Who by the way is wonderful person? doesn't necessarily mean that He's the most effective at a At standing up to to president trump and I'll just say if I may on my own behalf and I say this mindful that there are it's big talented field with with a bunch of my friends in it no one else in this race has a range of life and leadership experience that I do domestic and abroad private sector and public And when you consider the range of challenges that face people black and brown and white and everybody else how much like The experience of growing coming up on the south side of Chicago with other black people and That I had and neighborhoods like it. How much like that? Experience is is experienced experienced today in In the suburbs in small towns among a white working class People better be willing and able to be a bridge to change that That lasts while speaking of of your career. I'll be a little more specific. You were the two term governor of the Commonwealth uh of Massachusetts. Yes you were the former. US Assistant Attorney General for the Civil Rights. Division during the Clinton administration correct rang and in private sector at Bain capital in other places. Why don't you think given this range of experience and having I'm Ben in the race now is two months yet? I think so. Yeah too much like today that you haven't that you haven't been able to break through through well we you know we have a lot of work to do. We are focusing not on national polls are becoming famous. I'm focusing on building in the early states. We have With a real emphasis on New Hampshire and South Carolina for reasons we can talk about but we have organizations in each places teams growing very a fast in those two primary states up on the air with TV commercials digital commercials in in the early states and that is a that is terrific. Perfect you know in the I think in the days before I came here To your offices in. DC We were in New Hampshire. I WANNA say three three days and did nine or ten events in those days had four front page Articles in local newspapers. There's big headlines and so on bigger and bigger crowds and they're very engaged so for me it's not about you know just showing up and having rallies. It's really trying to listen to people. I have a whole bunch of very strong ideas of my own campaign by asking people to make personal increasingly. They are they're doing so so again. I have no illusions about the about how heavy the lift And had life not intervened. I would have come in more than a a year ago and I think you know that story but I came in when I did because it felt like This great talented field. Good as it is and familiar to me as many many of them are Might Miss the

President Trump Joe Biden Divall Patrick South Carolina Gloria Massachusetts Uphill Hill Barack Obama Vice President New Hampshire North Carolina Washington Post Bain Capital United States Jonathan Chicago America Rick BEN
"bain capital" Discussed on Bank-Fintech Fusion

Bank-Fintech Fusion

03:31 min | 1 year ago

"bain capital" Discussed on Bank-Fintech Fusion

"Read anything about that. Google quantum computing thing. That stuff is crazy but yes what crazy craziness. Sex lladros billions of times power versus traditional computer insane. Yes I find these horizontal technologies exciting. Because I'm a Geek But I tend not to think about them in the abstract which and their potential implications. So you know lock chain of course and I m L. ON PUTING and wearables and there there for many people in my field who who think about advances like that kind of quest about for problems that they could solve ask backwards Much more live in the problem. Space talking to customers and executives and entrepreneurs and you know what would have made points and then and then rummage arrived toolkit for what might solve the problem and and that's served me pretty. Well that said I mean if I had to pick one I do think that the hey this term Ai. But I do think like advanced analytic techniques are creating this ability to really anticipate customer are situations in customer need. So I'll give you an example like I think the fact is that banks to this day. Don't make a lot of money off their customers. Laziness right in terms of deposit pricing. There's a lot of lazy money sitting in DB and extremely low yielding savings accounts and that is responsible for a lot of net that interest margin at banks and it's actually a solvable problem. There's a company called flourish that I work with just personally. Who You you know there? It's a separate high-yield savings account and they have connectivity to my bag and threw their analytics. They sweep money out out every day as multiple times a day and sweet money back in and I'm just feeling extremely optimized in a good way of its yield them capturing and so yeah definitely kind of an early adopter on these things but you know that would even really tricky with Canada free gross and rough analytic techniques that existed five six seven years ago but that ability for that to be just never wrong always right ever more precise is it's happening really quickly. And I think it you Grayson consumers will be good for businesses like flourish and it will net be pretty bad for bags. Yeah I love the flourish. Solution Dynamically Mickley moving money around without you having to CEO. LemMe you know switch you know. Move this block of money over here and having it done or you is as genius. Yeah I agree Matt. Thank you so much really appreciate the time today. Great to be all of you and best of luck with everything. Thanks very much.

Google Grayson Matt CEO Canada
Deval Patrick 2020: Former Massachusetts governor is running for president

Bloomberg Surveillance

00:23 sec | 1 year ago

Deval Patrick 2020: Former Massachusetts governor is running for president

"Much former Massachusetts governor Deval Patrick join the crowd of twenty twenty democratic presidential campaign today there are growing concerns in the party that the existing field won't produce a nominee strong enough to be president trump Patrick now the managing director of Bain capital announced that in a video he is running to build a better more sustainable more inclusive American dream for the next

Deval Patrick Managing Director Bain Capital Massachusetts President Trump Trump Patrick
"bain capital" Discussed on KTOK

KTOK

04:45 min | 1 year ago

"bain capital" Discussed on KTOK

"Why would you ever hope hired Deutsche Bank or you know any of these big firms that are actually involved in private equity maybe Bain capital I don't know Goldman Sachs one companies like that now we'll go to well let's see Whitey Bolger's nephew Joe Biden are John Kerry son none of whom I think of any experience that I know of that I've been able to find as it relates to China or private equity yeah that's a billion five from the from the bank of China the government bank of China. no evidence that Joe Biden anything unethical well that's wrong too because ethics regulations require all government officials to avoid even the appearance of a conflict of interest and if the one right arises they are to recuse themselves in all these fake news outlets saying on on Biden they didn't do anything wrong here why would it be U. S. vice president ever demand the firing we know the reason. yeah this these are falsehoods these are lies there provable the demonstrably false. and that this this corrupt Democratic Party. once the undo an election of the American people that's all that that that's what this is about. the left has suspended any fidelity to truth logic reason and god given common sense. every every thing they are telling you now is propaganda and one is Russia Russia Russia conspiracy theory yeah three years of lies propaganda conspiracies smearing slandering besmirching the president and his family really do you gonna tell me of don junior was involved what hunter Biden is involved in that they would this wouldn't be every second minute hour of every day they're on hands let's put him in solitary confinement in law come up now no need for due process it was in a maxi waters on you know this was about protecting our country than they would really care about the dirty Russian dossier they care about the Russian lies that Hillary paid for with campaign finance violations funneled money to a law firm to not research firm in a foreign national who wouldn't even stand by his own report them being used to spy on all the trump campaign transition and beyond nobody ever cared about that. you go to the January eleventh twenty seventeen effort our article political Ukrainian efforts to sabotage trump campaign back fire Kiev officials scrambling to make amends with the president elect after working to boost Clinton. and they give chapter and verse is I've been telling you. Charles Grassley Ron Johnson there Attorney General letter to build to build bar brazen efforts by the DNC the Hillary Clinton campaign to use the government of Ukraine for the express purpose of finding negative information on then candidate trump to undermine his campaign. Democrats didn't spend the last three years condemning the foreign interference in our elections now they had they only if it's trump I don't care about Russian dossiers paid for by Hillary or the DNC operatives working with Ukraine to smear slander a candidate than trump by using Ukrainian efforts to undermine his campaign. and all the same mob that have now there are now running cover for Joe Biden when you get see it's a quid pro quo you could see after the New York times warned Joe that his son hunter was being investigated that guy was going to go. after bite was appointed as the top key person in Ukraine is son magically score this lucrative position with Marie smallholdings to make millions it's like it was paid millions on the China deal and he says all I've never talked to my son about his business dealings all okay well that twenty fourteen photo the year that he made the deliveries from holdings kind of proves otherwise doesn't a Joe and does it you lying media mob people I mean I guess you won't even believe your lying eyes. you know in ten days the lies the corrupt seven hours their new favorite anti trump conspiracy Ukraine Ukraine Ukraine now it's B. S. B. S. B. S. the bottom line this is going to be another boomerang the bottom line is they now have opened up the real investigation and hopefully we'll get to the truth of all of this corruption. all of these lies. I want to tell you about blinds dot com look there there's so much more to window treatments you know than just white control of privacy than that's important by the way but.

Joe Biden Ukraine Ukraine Ukraine hunter Biden Ukraine Hillary Clinton bank of China China Deutsche Bank Russia president Goldman Sachs Bain capital vice president DNC Kiev Democratic Party. Charles Grassley Ron Johnson Whitey Bolger John Kerry
"bain capital" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

05:03 min | 2 years ago

"bain capital" Discussed on On Point with Tom Ashbrook | Podcasts

"We may be on the verge of another sexual revolution. And this one we tend to machines for companionship and sex objective is to be a perfect companion. How art official intelligence and robots are changing the landscape of love this week on hidden brain. This is on point magnitude Cromartie. We're talking this hour about how to measure the impact of impact investing, and I'm joined today by Mark Guenther. He's author of a four part series in the chronicle of philanthropy called good returns. It's all about impact investing. He's also a longtime writer for fortune magazine as well. Joining us now from Boston is governor develop Patrick, he's the former governor of the Commonwealth of Massachusetts term governor for Massachusetts. And since two thousand fifteen he's been managing director and co managing partner of Bain capital. Double impact the social investing wing of Bain capital. They focus on bringing financial returns alongside creating social and environmental impact develop. Patrick, welcome to on point. Thank you Magna. How you doing? I'm doing. Well, it's great to talk with you again governor Patrick with you. And it's great to listen to Mark on thirty. I've I've been reading his wonderful pieces. He's one of the most when the most thoughtful on this. Really terrific field. So you got a kind of a unique experience here as having been in the public sector and now in the private sector. And so first of all, I just I would love if you could give us an example of a recent deal or investment that you've done with being with Bain capital. Double impact that really sort of underlines what you're trying to accomplish. Now, we invested in a company actually here in Boston called Penn foster. It's been around a long time started as a correspondent school. But today, it provides online education to to people trying to reach their educational, and and and career goals they serve about one hundred and seventy thousand students year, mostly working people often marginalized people trying to lift themselves in their in their families through credited and unaccredited programs, including high school college career, workforce development solutions that kind of thing and. We were interested in Penn foster really as a way of trying to get at the middle skills issue, which is a challenge in Massachusetts in around the around the country, something I became very much exposed to when we were dealing with the with the economic collapse when I was in office, and we had I want to say, maybe at our peak one hundred seventy thousand people looking for work and about one hundred and twenty thousand open positions, and what employers were telling us Magna was that they had they they couldn't find people with the skills necessary for the jobs they had. And I think that's a problem. We're seeing all over the country and one that will continue to to exacerbate because they're folks many of them who have high school diplomas, but jobs that require more than that. But not necessarily a college degree. And so how through low cost very? Directed not the kind of train in pray solutions that you sometime in the training programs that that are available. We get solutions for people to to get it. Those opportunities is something that I've been interested in. And that's that's an example. Well, it's a terrific example, actually, a Patrick so so how how then is bane. I mean, look Bain is very good at doing those analytics, so how is it that they're measuring the the financial impact or gain from supporting Penn foster versus it's it's material or social impact. Sure. So let me give you if I may just a little context on what our fund is about what double impact is about. Because that that'll just you know, it'll give you a little color for for how Penn foster fits hours, the fun. That is dedicated to both a commercial rate of return and measurable, social or environmental good. And we've organized the funding. Into three sort of fee, Matic, verticals, health and wellness sustainability and what we're calling community building. And within health and wellness. We've been looking at Ed tech companies that that address either achievement gaps or skills gaps. And that's how we get interested in Penn foster when I say a commercial rate of return, I mean, the we underwrite to the same financial standards as as the large cap funds private equity funds here being capital, and that's not a value judgment about where others in impact investment. Choose to be because others do make decisions to invest in companies or an enterprises that have a concessionary or lower.

governor Patrick Penn foster Bain capital Mark Guenther Massachusetts Magna Boston Bain fortune magazine official managing director Patrick managing partner
"bain capital" Discussed on Pod Save America

Pod Save America

03:24 min | 2 years ago

"bain capital" Discussed on Pod Save America

"I think he's also going to get shit for being seen as too pro Wall Street or having too many big donors versus the small dollar donors that were particularly attracted to Bernie and probably Harris again, I think the defending Bain capital in the middle of the twenty twelve election was a owns an odd choice. Obama was hammering Mitt Romney for his ties to Bain, and he jumped out in defended Bain, and I it sort of you know, to me had the that tone that you hear from a lot of Wall Street people where they feel aggrieved in attack, and it's like I couldn't fucking care less that you billionaire feel aggrieved and attack. I'm not accusing Booker of that. I'm just saying like it sounded like those voices you sometimes hear when you try to raise taxes on on Wall Street people. So these are things that he's gonna get questioned on you know, I think he will inspire a lot of people. In the process of. Yeah. I I will say that when he refused Donald Trump a racist. My eyes rolled so far back into my head. It's like all right, man. Like come on. I just don't think like I. Yeah. But but I don't I actually don't think it's that important. I understand what he's trying to say. I understand. I don't believe that Cory Booker lax and understanding of the context of Donald Trump's rings. The point. I was actually going to make I think is bigger problem is around issues related to Wall Street and corporate interests because you know, and it actually comes down to like this idea of a positive message. I think there's a shibboleth now for a proof that you're on the team cool that like that that people need to understand that they've heard a lot of Democrats say the right things around raining in corporate power raining insurance companies reining in Wall Street, but then when push comes to shove there's the question as to do they have the stomach for it. Like are they really in for this fight? And it's a fight that actually requires a little bit negative. You know, it does require a little bit of you know, spleen. And so I think Cory booker's biggest challenge as a candidate. It actually is connecting that positive vision that conversation around love with actually attacking some of the sources of problems in this country and being clear eyed. And honest and passionate about why you need to take those interest on yet. Look, I think there's there's two possibilities here. Right. His detractors would say one possibility is he has lived in New Jersey. There's a lot of people in New Jersey who work in the financial industry. There's a big pharmaceutical industry presence in New Jersey. And that he is too close with these interest because he has been a Senator from New Jersey. And that's why you post specifically opposed a drug reimportation from Canada Bill that he's gotten a lot of. And then the other possibility is he is one of those Democrats who believes in, you know, he says sometimes there are bad corporate actors we have to take on bad corporate actors, but I don't want to paint all business with with the same brush. Right. And you could be one of those Democrats now, I think the proof is in the wreck. He's got to talk about his record. Right. He took that he took a bad vote on pharmaceuticals. And then of course, this year he decided to support Bernie Sanders Bill to rein in prescription drug costs. Right. And so he's taking some good votes. Against financial companies. And but maybe he's been spend too much fundraising almost rates like he's going to his challenge is going to be sort of talking about his record and proving that he can take on powerful interests. When need be two things..

Cory booker Senator Mitt Romney New Jersey Bernie Sanders Donald Trump Bain Obama Harris Canada
"bain capital" Discussed on The Fifth Column

The Fifth Column

03:34 min | 2 years ago

"bain capital" Discussed on The Fifth Column

"She's not left enough this stuff when she was a, and blah, blah, blah, every single one of them every single person is going to go through his Cory Booker. If he announced he's going to run Bain capital having their apology to it preemptive apology tour, you know, my abide, and of course, again roasted by a gun greet well today for his support for the crime Bill. I mean, everybody is all right there could laris, but it's everybody is now is have is running sprinting. And by the way, they're going to realize pretty soon that the American people don't like this their own coalition does getting through the primary all of the things that you accuse Republicans over the past which is true. You know, oh, you're going to be super right wing to get to get through the primary. And then the American people aren't this is Democrats going to find out the same thing is true the left because everyone's sprinting towards the left in everyone. The talk about. Polarization, and then we have the Trump over here. The people that think comma Harris is fucking the daughter of Barry Goldwater over here. And then there's other people in the middle. Like what the fuck just happened everyone go this party was going pretty good. And then everyone just ran out the windows and the polarization that you see online that's driving all this. Nobody else in the culture cares about this stuff. Nobody nobody cared. I care about Kamal heiresses record. And I definitely want to prevent from. But no. But I mean crowding nominee the thing is just to the wrecking this seeps into the culture from Twitter and stuff the fucking. Everyone's like, why are we talking about seventy playing a fucking drum? I mean, I said tonight, but I'm talking about it. We're all funding Johnny about butter. Yeah. Just because the only thing we do. Now, you don't talk about policy. We don't talk about what smart we don't make political prognostications about what's going to happen in elections or in Venezuela, or in Brexit, whatever we are just hounding people with bad ideas. That's what politics is. Become that kid is fifteen. He's going to bat ideas going to bad hat on. He's he's a fucking Kentucky. Who cares? There are people all around the world of bad ideas. I see Daily Mail is great at this somebody drives through drive thru. I'm just making this up trying to drawn shoe in the middle of like fucking Sheboygan and somebody gets a drink wrong. And he's like, you're a fag or whatever, and it's the cover the Daily Mail. It's like. It's like a picture of the guy follow up, you can fire from his job think get do people that have bad ideas. So are we going to do a story, but everybody is talking about like, Orwellian surveillance culture? Literally, you lose your mind, and you go nuts about something. And then you're what was the codewords there Camille like a concerned. Becky, you're one of the fucking Becky I love the one in park slope this woman who's like tell to get out from under her vestibule because raining, and there's like white Becky, you're below turns out she's Puerto Rican in mentally ill. Told you that because that's what it looked like in the fucking video. And we're gonna go around sniffing out these people until they make their mistakes and public, and I'll tell you what everybody I know everybody. I know who is not somebody who lives by woke nece and everything has to be woke. And they way it like this. I would just say that we're shouldn't say that phrase everybody else is fucking terrified because they might say the wrong thing. And you know, whether it's the weatherman we have to now or what have guys that local news guy's king's up two of them. Right. The kid who did the Jeremy Lin headline for ESPN who's down the priesthood can dreams of journalism turned into dreams of asceticism..

Becky Cory Booker Twitter Barry Goldwater Jeremy Lin Bain Kentucky Kamal Venezuela Harris nece Johnny ESPN Brexit Camille
"bain capital" Discussed on KQED Radio

KQED Radio

03:01 min | 2 years ago

"bain capital" Discussed on KQED Radio

"Saturday saturating the drive education, but the work continues for recovery workers who are struggling to house tens of thousands of evacuees. They can't fire destroyed twelve thousand homes the city of Chico has a population of eighty six thousand last year. The city had a rental vacancy rate of only one point nine percent for NPR news. I'm Racquel Maria Dylan in Chico, California, health officials in the US and Canada are calling on consumers to stop eating romaine lettuce. That's after thirty two people and eleven US states in eighteen people in Canada became ill. While it appears to be a different strain from one linked to a fatal outbreak. Earlier this year food safety expert Darren Detweiler says clearly the government needed act going into holiday weekend, especially thanksgiving one very much associated with foods. This makes a great deal of sense for the CDC dip with this message out there. Government regulators say there isn't enough information to ask suppliers for a recall, but officials. Want people to be aware a couple of private equity firms that are the new owners of the toys R us chain say the intend to provide twenty million dollars via a hardship fund for workers left jobless and without severance after the company liquidated in June move by KKR and Bain capital's aimed at helping upwards of thirty thousand workers affected by the store closures though, it follows efforts by worker back groups to provide aid for the company's employee's a major downdraft on Wall Street today. The Dow five hundred and fifty one point such a loss of more than two percent. You're listening to NPR from kqed news. I'm Tiffany Cam. High advocates for the homeless say San Francisco's health emergency services departments have not done enough to protect those living on the streets from the bad air quality caused by the county wildfire, but San Francisco mayor London breed says the city's efforts to pass out masks and keep libraries and museums open to provide shelter for those in need are paying off. We have not seen. A spike in the number of emergency type situations since this is occurred. So I say that that's pretty good breed says she hopes the coming rain will improve conditions a referendum aiming to block California's recently enacted bail reform law appears headed to the ballot in twenty twenty K acuity is Alexander reports the new law passed amid a flurry of last second amendments in August, losing the support of civil liberties groups who championed bail reform in the process now the bail industry, which would be essentially eliminated when the law takes effect is spearheading an effort to have voters decide it more or less keeps the law from going into effect until the voters vote in November of twenty twenty op de Sultani heads the ACLU's northern California chapter the ACLU withdrew its support of the new law. But Sultani says what the bail industry wants with its referendum is worse. Exploiting people with financial bail while. There awaiting trial, the California bail agents association says defendants have a constitutional right to post cash bail and voters deserve to weigh in..

California Chico Canada San Francisco ACLU Tiffany Cam NPR Sultani CDC Racquel Maria Dylan Darren Detweiler government US KKR Bain capital
"bain capital" Discussed on Boston Herald Radio

Boston Herald Radio

03:04 min | 3 years ago

"bain capital" Discussed on Boston Herald Radio

"Am Hillary chevelle here with Kevin Frank morning meeting here, on Boston. Herald radio. We've got Divall Patrick talking about all sorts of different things obviously on state of the union. Which, is a big national. Attention because he potentially could be running for, president in twenty twenty first let's listen to him. Talk a little bit about this fund launch which would be probably the, way he'd. Raise money And and his work at Bain capital if we could all listen to cut four I'm having a terrific. Time in in this fun that we that we we live it's a fund that invests in companies in order to drive social. And environmental impact was part of this impact investing. Industry or trend one of my partners describes it as describes impact investing as the laboratory where capitalist work. To reform capitalism and I think we're doing a, lot of good aggregate trying to discern demonstrate that you don't have to trade return for impact and I think we're off to. A terrific start now I know when Mitt Romney was attacked for his association with. With, Bain capital in two thousand, twelve I know you didn't personally criticize pain back then but given the way the way that the, Democratic Party went after. Being during that race and the way that, Hillary Clinton faced so much criticism from the lab For her speeches to Goldman Sachs in two thousand sixteen did you have any reservations at all about joining, Bain after leaving the governor's mansion No first of all we don't have a mansion but thank you It's a metaphor I know Not. A metaphor Excuse, me many many longtime, friends at. Bain capital people I know to be highly on oval folks and Mitt Romney hasn't been. There for decades Decades now I am I describe myself as a capitalist I'm not a market fundamentalist I don't think markets solve. Every problem just the right way but I do believe, in oportunity I think I think we need an economy that is expanding and expanding out. So it reaches people on the margins not just up so it's it's good. For people who already have wealth and have an just want more and I think there's a right way. And a, wrong, way, to do that and, I think. The impact investing is incredibly interesting and exciting way to participate in in in growth capitalism So no I don't I don't I don't buy that So by. The way I'm course I'm no longer interested at all and his answer. About Bain. Attacker because it's Blake just get it right I don't I did that once in a like a month after I moved here in a statement for the press in my name or something out there, about about respond to a Romney debate presidents all boy. I said,.

Mitt Romney Bain capital Bain Divall Patrick Hillary Clinton Boston Kevin Frank Democratic Party Goldman Sachs president Blake twenty twenty
Wall Street eyes more gains from Apple, its $1 trillion stock

News and Information with Dave Williams and Amy Chodroff

11:29 min | 3 years ago

Wall Street eyes more gains from Apple, its $1 trillion stock

"Paced financial tour of the global financial markets, the, top headlines and, strategy implications Alex tell us about apple this week Big news this week there was a race to witch comedy became the first trillion dollar company by market, cap? And. It was apple apple. Did that this week jump in, three and a half percent. On Wednesday after reporting some pretty good numbers well I know they. They requested a radio interview on it and pointed out. The entire value of the US stock market is approximately thirty trillion dollars publicly traded stocks right. Wow so Apple's one thirtieth now. The last time this happened but a warning sign here Cisco systems became two hundred and fifty billion, market cap circa nineteen ninety nine k. k. it was the, most popular investment they used to have, investment clubs when it was fun. To, buy stocks before the tech wreck And Cisco took them more than a decade and a, half to catch back. Up, to that price, it's just gonna take a lot of money to drive apple higher but also pointed out you know as apple overpriced it's eighteen times trailing earnings, less? Than. The s. and p.. Five hundred benchmark so it's probably, the best bargain out of. The fangs trade just if you had to pick yeah yeah I think I think I did see Cisco their total return. From two thousand one two today is minus three percent that right yeah that sounds about right That's, a long twenty years Eichel there yes and you know I believe that the trillion. Dollars is likely to be hit by, Amazon? Barring, a stumble right yeah Could? Be Like Eli musk and call his analyst boneheads and that set him back Tesla's Tesla's, catching up still. Make it they're making Yvonne's making pieces, this he he was nice and apologized and that, I'm sorry I think I think is senior investor relations officer took him to the side, and, said look bonehead You need to apologize to, your fan club. Yeah not only that you got some, convertible debt coming due early twenty nineteen you need, to stock price higher not lower there you go okay so if anybody's bonehead he's admitted, it, okay Dallas How much this a quiz question, again how much did your house go up on average here in North, Texas the Dallas metro, area. Year-over-year so as August of last year to this, year So you got to, we'll will we'll turn it into dollars here in the second but what, was what was the, appreciation. Of our houses generally five point five eight percent That's, slow down quite a bit that's so down quite a? Bit that's getting, the, trend right Yep nationwide. Still six and a half the. Dallas falling behind nationwide appreciation Yeah We've grown so tremendously that I think it's okay for a little. Break and, I I do think that ten year rates going up his temperature the the gain in housing, prices Tom Hanks still lives in that little house on the water there in, Seattle those that remember an arcane movie. Reference He owns a house. I don't know I mean he could I mean I'm sure. He's moved to. Better digs, since then What with Meg Ryan anyway so Meg Ryan I'm pretty sure so. Thirteen and, a half percent would have been sleepless in Seattle That doesn't make you sleepless that makes you happy that to turn it into. Financial planning terms at, three hundred thousand dollar house last year would be listed. This year for, close to three. Hundred twenty thousand that was my thought but that pace that pace The three-month. Annualised for Dallas though, fourteen percent so it's lumpy At that that was my conclusion from from the case, Schiller city of. Dallas, gave me, a bump higher than that but. Warwick's purposes well they were they were underpricing. Your house anyway so you go. To, go down in protest let me know how it goes yeah, I think I don't know that that. Battle. Is, worth, it but, some people do. It every year okay Well I I wonder I bet. On I. Think that was They gave me a. Big, start so I'm happy about that well if you come back, they might get upset and just say. Alex. I, think, we're just, gonna bump your. Value up even more That's a risk that okay They, can't do that but anyway contract signings to previously to purchase previously owned US homes rose for the, first? Time. In three, months right Yep. And point nine percent increase. So. Housing's not, dead yet, okay that's still you know you. Still got. That millennial generation they're starting they're starting, to think? About buying homes aren't. They And? Is he Sanchez our. Chief compliance, officer he he you know we were having our conference this week and he said what do you, what. Do. You think, is Warren Buffett. Says the market's not going. Up. And his, prediction was, a minus one and a half. Percent for. The s. and p. five hundred going, forward right And for an extended period but then he also, talked about the? Housing and I said you know it may it looks like it's just Dacre Shindo right in terms of the prices increase we've seen the massive price increases but it's not going down yet All right And Carlisle, group, they they're, they're? Famous. Right yeah They. Raised twelve point three billion in the second quarter forty percent increase. Carlo Ripa private equity money manager publicly traded actually so they make other. Revenue off of fees and that kind of thing. But that's a big number going to private equity the forty. Percent increase same year or Saint period last year. So it never, been so. Easy to raise money there's they're saying never will if your name's, Carlisle, and you're, the? Best I can see Bain capital's. Building from the window but there are a lot less quiet. There are a lot less vocal right that's right. Where they're they're, more behind. The scenes trying to get Romney elected okay Private, equity? Where will the money, go in our previous headline triangulate that with the real. Estate The group's credit group raise two billion. In the quarter real estate assets. Which included real estate Carlisle bought in about seven hundred million so, they are buying, real? Estate but, I, think the energy infrastructure is probably one of the destination just, two? Thoughts right I mean they're they're the biggest part of, that race. Was for buyout fund right so eighteen eighteen and a half billion going going there And so you'll see some of that You'll see some. Of that private public companies going private I think, hundred and fifty seven. Thousand new jobs bureau of labor statistics That. Was in the previous month, so those are nonfarm payrolls ADP private payroll they do an estimate. They said two hundred nineteen thousand both numbers are reasonably good unemployment, falling, to, three point nine, and the. Bureau of labor statistics, adding people back in at the last. Report we covered that saying oh well the jobs market. So good some people are saying I'm tired of, watching TV all day I want. To go work it's more if you get a good job it's, more, fun, it is more, fun yeah. Pay raises estimated four, percent year over year that pretty good That's good all right tesla an enigma within a puzzle Yeah, so, they they doubled their loss Okay And they burn less cash than. Expected so back in the late, nineties there is a valuation metric called how fast were they burning their, cash and if they're burning it slower than the other, guy then you should buy that. Stock we know how that. Ended Race. To pets.com zero okay right You know as long as they continue. To. Happen As long as they're able to, continue to, raise money though they'll they'll be around I. Think at some point you you got a. Price like you would a car company I'm not saying they won't ever get profitable I think there's a chance that they will They're they're pretty expensive yeah. Ford's at five times earnings but then the. Cars have you ever sat in the tesla It's it's amazing I mean That's it's an engineering marvel but in. This case You gotta make money Yeah we think you'd want to see him to. Make money sometime soon they They have said that they. Want, to expand globally and so they may get some big financing from. China Five Five billion dollar manufacturing plant near Shanghai and that that helps Put your, cash will, for a while isn't it you people will be you know people will work. Cheaper in China because they have to as opposed to California I think that's a It's a smart move but Trump's not gonna. Like it all right Now tell us you get to do. The cannabis update because, you and Andrew were. Successfully, trading cannabis stocks and, I was skeptical but I'm coming. Around okay When it comes to. Profit but us the, projection for the US. Market All right so u., s. market which is still not federally legal Is currently at six billion in sales and believes that. U. S retail sales can reach, twenty billion by twenty twenty two okay. So triple in four years triple and four years without Without. It. Being federally legal.

Apple Dallas United States Carlisle Cisco Tesla Officer Bureau Of Labor Seattle Meg Ryan Cannabis Big News Amazon Tom Hanks Warren Buffett China Bain Capital
Watch: Trump speaks to families of loved ones killed by undocumented immigrants

Bloomberg Markets

03:04 min | 3 years ago

Watch: Trump speaks to families of loved ones killed by undocumented immigrants

"National headlines over to nathan hager we go he hi carol later this hour president trump is going to make some remarks about immigration at the white house they'll be joined by families whose loved ones have been killed by undocumented immigrants it's morning the president kept his remarks to twitter saying republicans should stop wasting time in his words on an immigration bill until after the november election house leaders have put off a vote till next week on a bill that would let dreamers apply for visas and provide funds for a border wall whenever they delay something because they don't have the votes they need doesn't bode very well republican leadership wasn't really able to get the conservative that didn't like the more moderate measure enough of them on board in order to pass the legislation bloomberg's kathleen hunter today mark six months since president trump signed the gop tax cuts into law and democrats are marking the occasion by highlighting the national debt is coming out of education food stamps and the rest but affecting medicare and medicaid social security disability benefits very directly she tax break for the high end house minority leader nancy pelosi speaker paul ryan held some events of his own this week but many questions that lawmakers faced at those events were about immigration the supreme court gave a big boost to digital privacy rights today in a five four decision the justices ruled that law enforcement we need a warrant to get cell phone tower records if somebody's location prosecutors asked for data in tens of thousands of cases a year at the world cup early in the final game of the day serbia with a one nil lead over switzerland i'm nathan hager this is bloomberg now with our other top stories i'm emma chandra pacific investment management oaktree capital and bain capital are among bidders for one point two billion dollars of bad bank loans bloomberg has learned that portfolio dubbed project jupiter is made up of loans backed by real estate who extended to small and mid size companies the biggest nordic banks says any money manager who is serious about ethical investing should drop facebook we get that story from bloomberg's jeff bellinger nor does head of sustainable finance says the social network was unresponsive to questions about the cambridge analytica scandal sasha best lex says a company of that size with that type of risk quote should have been far more responsive and proactive in the way they respond to investor requirements best luck has made controversial calls in the past once even banning the fund from adding day own shares amid a tax avoidance probe his approach differs from many sustainable investing peers who say it is it's better to engage with companies and seek to influence their behavior than divest jeff bellinger blackberry is making good on its plans to turn from feeling smartphone maker into a mid range cloud software provider the canadian company beat revenue estimates for the fourth quarter in a row blackberry has pushed more aggressively into the auto tech field the company that owns panera and a bomb path it's close to collecting more than five billion dollars in its latest round of fundraising bloomberg's gina.

Nathan Hager Carol President Trump Five Billion Dollars Two Billion Dollars Six Months
"bain capital" Discussed on Radio Free Nashville

Radio Free Nashville

02:17 min | 3 years ago

"bain capital" Discussed on Radio Free Nashville

"Way this is not the first this i was working clear channel when this when when bain capital took them over we were i was doing the morning show on k p o j one of the clear channel stations here in portland in addition to this show is doing six hours of radio day and bain capital buys them and we we had a vibrant five station pod know the clear channel had built and over thirty employees people working they're good people good paying jobs we were unionized and bain comes in boom the unions gone broom out of those thirty people in about half of them were fired in the first year the newsroom used to have thirteen fourteen people in it was down to one guy when i left as i recall and then of course you know i mean they had to do that they had to do all these cuts clear channel did because they had to pay the debt that bain had saddled them with bean block clear channel and then they said clear channel you pay the bill we at the ownership and in the end they couldn't do it they went bankrupt changed the name iheartmedia they're just now emerging from bankruptcy i mean this you know it's got saw this in my own life right i knew these people who got laid off whether i remember one guy who was who did voice over stuff and commercials and things the great voice but he was in his late middle fifties and when he got laid off from a good job at clear channel we kept in touch for probably six months a year just catch up an email every now and then and of course he was hoping i could help them find another job in media he never did nobody wants to hire guy in his fifties and if they do they're gonna pay seven fifty an hour or whatever the minimum wages here in oregon route ten bucks now but my point so this is how they do this this is how they screw us and toys r us was a profitable company and had it not had to pay for bain capital's debt there would still be thirty three thousand americans.

bain capital portland bain oregon six months six hours
Polish Government, Nanjing and Producer discussed on Daily Tech News Show

Daily Tech News Show

01:31 min | 3 years ago

Polish Government, Nanjing and Producer discussed on Daily Tech News Show

"A leaked list of e three nintendo games posted to four chan indicates a version of fortnight will come to the nintendo switch euro gamer says it's sources indicate that list is accurate fortnight launched on i o s in march and it's coming to android as well this summer nokia announced thursday it closed the sale of its digital health division to eric correal nokia's health division was created largely by its acquisition of withing which career founded he plans to relaunch windings by the end of the year with products focused on preventative health as usual at the same time nokia announced that chief legal officer maria barcelona will also become president of nokia technologies indicating nokia is going to focus on patents toshiba announced friday it has completed the sale of its chip unit to a consortium led by bain capital to sheba memory is the number two producer of nanjing ups as k hynix apple dell seagate and kingston are also part of that consortium dialogue semi said it expects its main customer apple to cut orders for its power management chips by thirty percent this year dialogue told investors that apple's going to source the chips from two suppliers now and finally central european bitcoin exchange bit pay has shut down operations in poland while also being invited by the polish government to participate in a national blockchain working group but pay was shut out by polish banks and announced may twentyninth it would move its headquarters from poland to malta.

Polish Government Nanjing Producer Toshiba Chief Legal Officer Nintendo Malta Chan Poland Apple Kingston Seagate Bain Capital President Trump Maria Barcelona Nokia Thirty Percent
"bain capital" Discussed on BizTalk Radio

BizTalk Radio

02:48 min | 3 years ago

"bain capital" Discussed on BizTalk Radio

"Solution to solve that communication problem in a different way but he's a great example he busted his that as bootstrapped entrepreneur and he could afford that right because she was a successful doctor and he got it a stage because he had enough customers so he can really do some proof point and then recently i think it was last year he raised eleven million dollars and bain capital was one of his later maybe his lead investor so that is the kind of success story we need now let me walk back to being a maximum ultimately we're in charge of the economic vibrancy through start up innovation got it so this company dark halo starting with three employees of six now they're up to forty fifty sixty we can say to the governor one of our both is we've got one growing another thing we're supposed to do is bring innovation the hospital well in this case try hell mercy hospital uses dot kahlo maybe other hospitals an example right so we were able to match make or help facilitate that introduction and then the third commandment we have is to make sure john kahlo can get new capital he can bind a new lead investor and we all the way introduced him to several navy even many his responsibility to actually close the round right but we're in charge of exposing him to highquality dc we did our job there too so we've delivered jobs we've delivered investment capital and we helped with a customer and not such a great network with one phone call to you i mean look at everything that a startup or even a company can accomplish that's right because we're building an economy to build a sustainable economy you have to have supply and demand were unique and we have two portfolios of supply for startups and we have an amazing set of large companies with strong appetite for technology innovation and we have about thirty to forty seconds lapsed so we might have to continue into the next segment but when you were mentioning the with doc halo that you helping with investment and one of the biggest red flags that i see with healthcare companies is that.

bain capital john kahlo eleven million dollars forty seconds
"bain capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 3 years ago

"bain capital" Discussed on Bloomberg Radio New York

"Feel famous and sickly when it comes to cyber chip software your uranium when it said at bain capital what are you seeing the most value in amendment absolutely i think any price points or high and their especially high in tech so we've done over one hundred fifty tech deals through bad cycles good cycles we've done ship deals and the key is is really focusing on where we can transform a company really fundamentally changes trajectory that can outweigh the ups and downs of pricing that can allow you to buy companies in these kinds of frothy market so for example buying companies at once and putting them together and getting synergy trying to to to grow company through multiple acquisitions trying to grow company through going going exporting rather than just selling domestically so we try to be very disciplined in these markets and and so far that's been successful are funds have done well but i would say our our word right now is to be disciplined and kind of stick to our knitting to use our folks and we were we were really founded as a group that can help management teams develop strategies and grow companies and we're just going back to those roots even stronger in each vertical market that we have amendment responsible way which i think companies are trying to do right now and work with the government to do that i think that'll be good for everybody.

bain capital
China's HNA Group to remain a 'major investor' in Deutsche Bank

02:17 min | 3 years ago

China's HNA Group to remain a 'major investor' in Deutsche Bank

"It is nine thirty am here in singapore i'm juliet solly and i'm doug krizner at bloomberg world headquarters in new york so we've got trading underway across the asia pacific some weakness in tokyo in hong kong and on the mainland as well as in seoul the only market right now juliet that i'm seeing trade positive is in your home turf australia where the market in sydney is up by three tenths of one percent closer look at market action in a moment when bryan curtis joins us right now let's get you caught up on this hour's top business stories cape good market down well a seemingly positive response from china after treasury secretary steven mnuchin offered to hold trade talks in beijing john is commerce ministry says it welcomes were that the us hopes to come to beijing to discuss trade and economic issues president trump has proposed imposing tariffs on as much as one hundred fifty billion dollars in chinese imports beijing has promised to retaliate sean uso baynes planes and other products mission says he's cautiously optimistic about reaching a deal with china appears to be an about face from a group after promising it wouldn't the chinese conglomerate is reducing its stake in deutsche bank the story from bloomberg's denise pellegrini two months ago hsa said it wouldn't decrease at stake in the german lender but it is just reduced its holding to seven point nine percent from eight point eight by allowing portions of a complex derivatives arrangement to expire h is in the middle of trying to raise sixteen billion dollars to deal with financing problems at home and the pullback also comes after a string of negative stories about deutsche bank including a management revamp and bloomberg reports showing the company accidentally temporarily transferred thirty five billion dollars to one of its outside accounts ha says it's still committed to remaining a major deutsche bank investor to these pellegrini bloomberg daybreak asia to shave shares of ban out by as much as five percent in tokyo this morning currently up three percent the company denying reports it's canceling the sale of its chip unit we get more from bloomberg's susanna palmer a spokeswoman for tokyobased toshiba says the company hasn't made any decision to cancel the sale of its chip memory unit to a group led by boston based bain capital the mainichi newspaper is reporting toshiba will nix the deal unless it receives approval from chinese antitrust authorities by.

Deutsche Bank HSA President Trump Beijing Bloomberg World Juliet Solly Mainichi Newspaper Boston Toshiba Susanna Palmer Denise Pellegrini Bloomberg Singapore Donald Trump United States Commerce Ministry Steven Mnuchin
EU Justice Commissioner held 'constructive' talks with Facebook's Sandberg

02:13 min | 3 years ago

EU Justice Commissioner held 'constructive' talks with Facebook's Sandberg

"Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm nancy lyons nancy now with our other job stories i'm michael barr e you lawmakers have officially requested that facebook ceo mark zuckerberg face questions at the european parliament bloomberg's carolina conan has more from paris for now it looks unlikely he'll make a personal appearance especially after he declined the invitation from the uk house of commons phone call is planned between facebook c o sheryl sandberg and the eu justice commissioner the eu parliament must also decide on the next step to take the eu already has some twenty year old data protection policy in place but the news trickster eu rules that could have applied to the facebook as will only take effect next month's and they are not retract frustrating situation for europe forgiven the data of at least two point seven million european was used improperly by cumbria genetic cow in brussels counting cannon brumberg radio there could be a delay indo sheba's nineteen billion dollars sale of its memory chip unit the company is likely to miss the second deadline for winning approval from chinese regulators according to people familiar with the matter to sheba hasn't seen any progress from authorities in beijing company is selling the chip unit to a consortium led by bain capital the home bod hasn't turned out to be the next big thing for apple the smart speaker went on sale in january entering a market dominated by amazon's echo lineup of alexa powered devices according to people familiar with the matter apple has now lowered sales forecast for the home pod and it's reduced orders with a subcontractor that builds it the brackets for the nba playoffs are set with all eight first round matchups decided on the very last night of the regular season portland beat utah the final game on the schedule last night the trailblazers earned the number three seed and we'll play number six new orleans well oklahoma city climb to the four spot.

Amazon Oklahoma Utah Portland NBA Alexa Beijing Europe UK Mark Zuckerberg CEO Michael Barr Apple Nancy Lyons Bain Capital Sheba Brussels Facebook EU
"bain capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 years ago

"bain capital" Discussed on Bloomberg Radio New York

"Not intended to be a forward looking statement so having some fun on april fools day toshiba's nineteen billion dollar chip sale is now being delayed again more from bloomberg's ramy inocencio after waiting more than a year to learn the fate of its memory chip business toshiba investors are going to have to hold on a little longer the japanese tech giant missed in initial deadline to close a deal on the unit by the end of march a group led by bostonbased bain capital still does not have approval from chinese regulators we're told china's ministry of commerce is concerned about the role of s k hynix which is working with bain on the purchase the new deadline is the first of may and toshiba says it is committed to closing as soon as possible remy incensio well shaping up to be a busy trading week in the united states and we have more on that from bloomberg's charlie pellett wall street gets back to work after a long holiday weekend after a losing week and a losing quarter sebastian pages head of asset allocation at t rowe price associates so right now we are taking away from equities i should say we believe in the role of equities in the long run for investors as part of a diversified portfolio but we have sold some of our equities overall from total portfolio basis we have a fairly neutral risk profile so we're taking some risks in the markets but in other places wall street is looking at a busy week for economic data including the all important march jobs report and a speech from fed chairman jerome powell and among the companies scheduled to report earnings this week dave and buster's lanark corp and monsanto in new york charlie pellett thanks charlie thirty four minutes now past the hour we update markets here in the asia pacific every fifteen minutes on this program not a lot of action to tell you about now although we have seen a little weakening in the end this morning sometimes that's pretty good for risk on trades later dalian one oh six twenty seven so we're starting to get a little bit more renewed strength in the.

buster dalian charlie pellett new york monsanto lanark corp chairman fed ministry of commerce asia toshiba dave jerome powell t rowe price associates united states remy incensio bain china bostonbased bain capital bloomberg
"bain capital" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:39 min | 3 years ago

"bain capital" Discussed on WBZ NewsRadio 1030

"He described himself in the in view as a progrowth democrat joined bostonbased bain capital as managing director at a leaving office in 2015 what what are you have to really do as managing director didn't give you he has to do anything or is it just a name on the door i dunno if our exgovernor i wouldn't wanna work really who ju i just want to be relaxing wouldn't want to go to work action taken a job wherever name on the door and they just give me money but i really wouldn't wanna work and trump optimistic north korea will give up nuclear weapons are you do you think so there's no way in h that north korea's going to give up their weapons all these this is my theory they have the weapons and nothing's happening for them they're not getting any money they used to get paid off so they be quiet all the time surely groundless sabree we pay them to stop rattling and then trump comes along these not playing the ball with them which is good and so they're not getting anything so what they do now is say uh you know maybe we could be convinced to give them up oh and how how that happened oh we pay them it's just i think at new angle on the same old song and dance ready to talk about giving up its nuclear arsenal okay will really what's the deal going to be what are you gonna do for us what are we gonna do for you do you want foods year people probably not probably want cash or bitcoin north korea is reportedly ready to talk about giving up its nuclear arsenal and what president trump is calling a positive development in relations with kim jong wound i actually that's one area that i kind of agree with the president on i don't think he did it out of genius i just think he is lucky but kim jong own did seem to say oh wow this guy might actually press the button i need to be cool a little bit a little while i need a new angle here threatening this guy doesn't work so i i take it back is probably not an accident probably is on purpose as just general style and in this situation it works one way or the other we have to do.

bostonbased bain capital managing director north korea trump kim jong president
"bain capital" Discussed on The Business Builders Show with Marty Wolff

The Business Builders Show with Marty Wolff

01:37 min | 3 years ago

"bain capital" Discussed on The Business Builders Show with Marty Wolff

"Welcome to the business builders show with marty wolf the show for entrepreneurs business owners and business leaders i'm marty wolf your host for the business pill the show and along with my executive producer dc taylor we will be your guides on this learning and journey i'm proud to let you know we record these show in the studios of ninety four three fm the talker which is part of bold gold media and we are in my hometown of scranton pennsylvania dc tell making it happen in scranton pennsylvania northeastern pennsylvania aridea business builders show is distributed by sea sweet radio that c dash sweet a radiocom you can find the business builders show and many other fine shows on unsee sweet radio so d dc is our special guest on the line this and that is mike lewis hi mike how are you man i'm doing great thank you so much for having me marty i'm thrilled you're here you wrote a great book and here's the title win two jump if the job you have isn't the life you want i'm gonna repeat it mike's book is win to jump if the job you have isn't the life you want show mike the subtitle of your book gifts be a little hint a p have one point in your life you felt the job you had was not the life you want it so i guess that will start out by saying what the hell is your story mike.

marty wolf mike lewis executive producer scranton pennsylvania
"bain capital" Discussed on BizTalk Radio

BizTalk Radio

03:04 min | 3 years ago

"bain capital" Discussed on BizTalk Radio

"It's going to happen we just don't know win and that's why i have always from last almost thirty years now been pitching this idea of segmenting your portfolio's it's really nothing more sophisticated than asset allocation but when you see it in the form of segmented buckets if you will it's way easier to manipulate for example if the market crashes and that's a segmented portfolio it's not all amalgamated with everything else that you having leave that alone reinvesting all of the dividends and taking advantage of what we called dollarcost averaging and if you need money to spend you can go to a different segmented portfolio that's not volatile as opposed to oh you know taking a systematic withdrawal which means you would be liquidating from accounts that have declined twenty thirty forty fifty percent remember these are shares you sell the shares you'd never get that money back but if the shares just go down for a while and come back up is still have that many shares and if you're reinvest dividends yet even more shares was pretty simple isn't it so that and that's why i've got a problem with this but when i read the headline biggest crash ever is coming by 2020 and it comes from all harvard economist who's father worked and i think three presidential administrations as an economist who has been successful in predicting some things correctly and some things incorrectly i at least wanted to read what it's all about so harry dent is said harvard trained formerly bain capital really smart guy keep in mind i've talked about this before smart people don't necessarily make you rich in fact many time sms smart people will make you poor if you listen to them uh there's a whole lot of dumb people that have gotten very very rich an and there's a whole bunch a lucky people bitcoin comes to mind that have gotten exceptionally rich dent they said here rather than his interview with think adviser updated a week or so ago dennis seeing signs of a market top but at the hasn't yet been proven here's what they sad brace yourself for the most devastating market crash ever in the greatest political and economic revolution since the advent of democracy that's the dire alert from the colorful if you will harry s dent junior dent by the way uses demographic cycles to forecast the economy and.

harvard bain capital dennis harry dent twenty thirty forty fifty perc thirty years
"bain capital" Discussed on KBNP AM 1410

KBNP AM 1410

02:09 min | 4 years ago

"bain capital" Discussed on KBNP AM 1410

"Coming up the founding dean in provost of cornell tech campus on rhode island going to be dedicated today michael bloomberg the founder majority on of bloomberg lp benefactor of that institution going to join us as well and david herro will be here chief investment officer for international equity at harassed associates always good to talk with him about european equities in particular mining and politics as well that's coming up to archway from the opened although in new york let's get you up to speed on the news you need to know to sheba assigned a memo of understanding to sell its memory chip unit to a group led by bain capital the banned group was identified as a preferred bidder almost three years three months ago rather global man for oil will grow this year by the most since two thousand fifteen that's according to the international energy agency the iaea says oil consumption is stronger than expected in the us and europe than former citigroup you'll vikram pandit sees a bleak outlook for bank employees he tells bloomberg with thirty percent of banking jobs could disappear within five years because of technology will talk about that a little bit more you're in the five things you need to know in just a few minutes time and other let's get a check of national and world headlines for my colleague john tucker john deuba two three democratic settlers joined president donald trump fertile white house dinner last night embiid winning their support for it as yet unreleased to tax overhaul bill three years after donald trump arrived on his private jet for a deal making jewelry india has go all the major developing country workers business is worrying it has the most construction projects with trump licensing deals of any country outside the us in mumbai french took so 75 story trump skyscraper will be one of the tallest to enough megacity instead a us girls called household incomes climbed to a record to reduce the poverty last year was acquitted census bureau data released today are yet inequality remained too evident across income levels race and gender medium inflationadjusted household income at increased three point two percent from a year earlier to just over fifty nine thousand dollars a year global news 24 hours a a day powered by more than twenty seven hundred journalists demand looked at more than one hundred twenty countries i'm john tucker this is bloomberg david john thank you very much now your bloomberg nbc sports more brought.

bloomberg david john nbc mumbai president vikram pandit citigroup europe new york david herro bloomberg founder cornell tech provost john tucker donald trump john deuba bank employees us oil consumption iaea bain capital chief investment officer michael bloomberg rhode island three years fifty nine thousand dollars thirty percent three months two percent five years