Rumor: Bain Capital to Acquire 18% Stake in Gome
CCID, 6/05/09
An inside source has revealed that Bain Capital plans to acquire an 18% stake in Chinese consumer electronics and home appliance retail chain Gome (0493.HK) for USD 400 mln as well as purchase seven-year convertible bonds. According to the terms of the deal, Gome founder Huang Guangyu will remain controlling shareholder.
The source said, however, that both the conditions and the deal itself are still subject to revision.
Editor's Note: For more information on investors courting Gome, please see Gome Confirms Talks With Investors MD, 6/01/09.
Keywords: 0493.HK Bain Capital consumer electronics Gome hardware Huang Guangyu home appliances investment
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