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U.S. private equity firm Bain Capital Partners LLC will sell its equity stake worth up to $393 million in Hero MotoCorp Ltd , India's largest maker of motorcycles and scooters, according to a deal term sheet seen by Reuters. _0"> Bain Capital, which holds a 8.6 percent stake in Hero MotoCorp through its unit BC India Pvt Investors, will sell up to half of its shares in open market transactions on Friday, the term sheet for the deal showed. The private equity firm is offering the Indian company's shares in the indicative price band of 2,582 rupees to 2,717 rupees each, it said, a discount of as much as 5 percent from its closing price on Thursday. (Reporting by Abhishek Vishnoi; Writing by Sumeet Chatterjee , editing by David Evans)

Shares of Trinseo SA, a plastic and polymers maker backed by Bain Capital, rose as much as 9 percent in their market debut, valuing the company at up to $981 million. _0"> Trinseo raised about $190 million from the offering of 10 million shares, which were priced at $19 per share, at the high end of expected range of $17-$19 per share. The Berwyn, Pennsylvania-based company sold all the shares in the offering. Trinseo's products are used to make containers and bottles to package food items and medicines, among others. The company's shares opened at $20.65 and touched a high of $20.75 on the New York Stock Exchange. Goldman Sachs, Deutsche Bank Securities, Citigroup Global Markets and Morgan Stanley were lead underwriters for the IPO. (Reporting by Neha Dimri in Bangalore; Editing by Kirti Pandey)

Italian real estate company Prelios forecast on Thursday a near halving of its debts to 200 million euros ($272 million) by the end of 2016 as it pursues a disposal programme. The company, whose debts totaled 388 million euros as of December 2013, manages properties in Italy and Germany but has been hit hard by writedowns on real estate investments in its recession-hit home market. Prelios, which plans to continue selling real estate co-investments as it did in previous years, is refocusing on activities including asset management, distressed debt and real estate valuations, which it collectively terms its "service platform". It aims to focus entirely on these businesses by the end 2016 and expects operating profit from its service platform to grow by 40 percent by the end of 2016. In 2013, the group's operating profit, or earning before interests and tax (EBIT), was 6.3 million euros. Prelios had also announced earlier this year it was in talks with U.S. private eq

The initial public offering of Michaels Cos Inc, which has been planned for the last two years, will finally take place this summer, according to people familiar with the matter. The U.S. crafts retailer is likely to begin marketing shares to potential investors in the next several weeks, according to the sources, who declined to be named because the matter is private. Michaels, which had been publicly traded and was taken private by Blackstone Group LP and Bain Capital LP for $6 billion in 2006, initially filed for an IPO of up to $500 million in March 2012. That was postponed after then-Chief Executive Officer John Menzer had a stroke and stepped down. The Texas-based company withdrew the IPO last December after going through a reorganization, immediately refiled under a new name and then updated its registration documents in May. Michaels and Bain could not be reached immediately for comment. Blackstone declined to comment. Michaels confirmed in April it was hit by a security

Permira, one of Europe's biggest private equity firms, has raised 5.3 billion euros for its fifth buyout fund compared to a previous 9.6 billion euros it raised for a fund in 2006. Fundraising by private equity firms, which aim to buy into businesses with a view to selling them on at a profit after an overhaul, remains a challenge in a weak economic climate. It took Permira almost three years to complete its fundraising for Permira V, which kicked off in September 2011 with a target of 6.5 billion euros ($8.85 billion). Earlier this year the London-based private equity firm downsized its fund's target to around 4-5 billion euros while already committing capital to six new investments. The private equity firm, which led the turnaround of fashion brand Valentino in 2007, acquired footwear brand Dr. Martens for 300 million pounds in October using capital from Permira V. Its recent investments, also backed by Permira V, include the acquisition of UK wealth management special

Deutsche Bank : _0"> * CVC and Blackstone launch 100 mln share placing of Merlin via Deutsche Bank & Morgan Stanley Further company coverage:

Merlin Entertainments' private equity backers CVC Capital Partners Ltd and Blackstone Group LP are placing 100 million shares of the British theme park owner through Morgan Stanley and Deutsche Bank, the German lender said. _0"> Merlin, the world's second-biggest operator of visitor attractions behind Walt Disney with brands such as Madam Tussauds and Legoland, counts Blackstone and CVC as its biggest shareholders after Kirkbi A/S, according to Thomson Reuters data. (Reporting by Richa Naidu in Bangalore, editing by David Evans)