BoF compiles the most important professional moves of the week.
NEW YORK, United States — Technology provider BMC Software Inc. is seeking as much as $3.2 billion of loans in the U.S. to back its buyout by a group including Bain Capital LLC and Golden Gate Capital. True Religion Apparel Inc. raised rates on its LBO financing.
VERNON, United States — True Religion Apparel has agreed to a buyout offer of about $826 million from the investment management firm TowerBrook Capital Partners LP.
The mystery of the Chinese consumer (Economist) “After decades of deprivation and conformism, Chinese consumers regard expensive consumer goods as trophies of success… The owner of a gleaming new BMW will drive around for half an hour to avoid a 50 cent parking fee. And she will hesitate to spend much on interior decoration, because only her family sees the inside of her flat.” Alaïa Opens Up His Universe (IHT)