M&A

Bain buys 3Com for $2.2 billion

By Sameera Anand | 2 October 2007
Keywords: bain | huawei | 3com | h3c

Subscriber Content Preview.
.

Bain teams up with former partner Huawei of China to take 3Com private, in a deal which signals that Asia's LBO market remains open for business.

Private equity firm Bain Capital Partners and China’s Huawei Technologies will buy network equipment maker 3Com for $2.2 billion. The price translates to $5.30 per 3Com share, a 44% premium to the closing price on the Nasdaq on September 27.

The exact stake which will be held by Huawei, China's largest telecommunications equipment provider, was not disclosed but sources close to the deal say that the firm will own between 10% and 20%.

Citi and UBS are advising Bain and Huawei on the deal.

As a result of the transaction, Huawei gains enhanced distribution ...

To continue reading this article, .

You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to FinanceAsia.com's quickly growing 13,000 article database.

Username:

Password:

Remember me | Forgot your password?

Japan Achievement Awards 2009: Day 2

We reveal the houses that had the best year in 2009 in our third annual Achievement Awards for Japan.

By FinanceAsia Editors | 12 March 2010

Fortis Healthcare buys TPG stake in Parkway

Indian hospital operator Fortis Healthcare pays $686 million to become the largest shareholder in Singapore-based pan-Asia hospital group Parkway Holdings.

By Sameera Anand | 12 March 2010

China Mobile invests $5.8 billion in Shanghai Pudong Development Bank

China Mobile aims to tap into the growing potential for mobile finance and mobile e-commerce through a 20% stake in Shanghai Pudong Development Bank.

By Sameera Anand | 12 March 2010

Equities	Debt
M&A	Moves People Moves Business Moves
News & Views View Point Macro & Markets Corporate	Banking Structured Products FX Private Banking
Editor's Desk Awards Co-published Editor's Desk Polls Book Review Private Capital	Conference Highlights
CorporateTreasury Cash Trade CorporateTreasury Moves Risk