The cash bids, made in Australian dollars, represent a 7% premium over Bain’s earlier valuation, highlighting the escalating competition.
Bain vs. CC Capital: A Battle of Private Equity Titans
Bain Capital, a Boston-based private equity leader managing $185 billion in assets, is no stranger to high-stakes bidding wars. Last month, Bain collaborated with Fuji Soft’s founder to acquire a 50.1% stake in the Japanese IT firm, sparking a legal battle with rival KKR.
CC Capital, headquartered in New York City, boasts a diverse portfolio that includes Utz Brands, Wilshire, and Getty Images. Notably, Getty Images is currently preparing to merge with Shutterstock, reflecting CC Capital’s ambitions in global markets.
Insignia’s Role in the Financial Sector
Insignia provides superannuation, financial advisory, wrap platforms, and asset management services. With Citigroup and Gresham Advisory Partners as its financial advisers, the company remains focused on shareholder value as it evaluates the competing offers.
