Bain Capital, LP and BGH Capital are believed to be gunning for JELD-WEN Holding, Inc. (NYSE:JELD), with the two private equity firms understood to have lobbed bids for the $1 billion Australian and New Zealand operations of the window and door manufacturer. Pacific Equity Partners and Crescent Capital Partners Management Pty Ltd. are sidestepping the auction after initially taking a look. Fletcher Building Limited (NZSE:FBU) also opted not to bid.
JELD-WEN Holding, Inc. is a global designer, manufacturer and distributor of interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling (R&R) sectors. In its North America segment, it operates primarily in the new construction and R&R market for residential doors and windows in the United States and Canada. It is the manufacturer that offers a full line of interior and exterior door and window products. In its Europe segment, it operates primarily in the market for residential and non-residential doors in Germany, the United Kingdom, France, Austria, Switzerland, and Scandinavia. It provides a broad portfolio of interior and exterior doors, windows, and related building products manufactured from a variety of wood, metal, and composite materials offered across a full spectrum of price points. The Companyâs family of brands includes JELD-WEN worldwide, LaCantina and VPI in North America, and Swedoor and DANA in Europe.