3 ms·
It's a worldwide phenomenon. Bain Capital brought a huge, thriving retail business (Edcon) to its knees in South Africa, after a botched leveraged buy-out: htt
by buyx 8y ago
It's a worldwide phenomenon. Bain Capital brought a huge, thriving retail business (Edcon) to its knees in South Africa, after a botched leveraged buy-out:
https://www.biznews.com/sa-investing/2015/07/15/bains-strategic-blunder-edcon-may-default-on-bond-paymentsafrica-retail-slump https://www.biznews.com/sa-investing/2015/07/15/bains-strate...
- ComputerGuru 8y agoIt may be worldwide, but it’s the same handful of players behind it all. I thought there were some bills in the works to outlaw leveraged buyouts in the USA?
- sys_64738 8y agoBain Capital is the firm associated with newly elected Republican Senator Mitt Romney of Utah. I'd expect those bills will now be derailed.