Romney to work at son's investment firm

Romney to work at son's investment firm

BOSTON, March 7 (UPI) -- Mitt Romney, the 2012 Republican presidential nominee, will work at his son's investment firm, Solamere Capital, one week a month, NBC News reported.

UPI NewsTrack Business

Markets down early Monday ... Banks report on seized military homes ... China set for 2014 maiden flight of C919 ... Some suggest Romney rescue Detroit ... News from United Press International.
Some suggest Romney rescue Detroit

Some suggest Romney rescue Detroit

DETROIT, March 4 (UPI) -- Political pundits have proposed Michigan Gov. Rick Snyder choose former Massachusetts Gov. Mitt Romney to serve as Detroit's emergency manager.

More buyers of RoyalPhilips' chip business

LONDON, Aug. 21 (UPI) -- Bain Capital and Apax Partners, two U.S. private equity groups, are joining a consortium that's buying control of RoyalPhilips Electronics chip business.

TI sells unit to Bain for $3 billion

BOSTON, April 27 (UPI) -- Bain Capital LLC of Boston paid $3 billion in cash to buy Texas Instruments Inc.'s sensors and controls business.

Burlington Coat Factory sold for $2.1B

BURLINGTON, N.J., Jan. 18 (UPI) -- A private equity firm is paying $2.06 billion to buy New Jersey-based Burlington Coat Factory Warehouse Corp.

Bain paying $3B for Texas Instruments unit

BOSTON, Jan. 9 (UPI) -- Boston-based Bain Capital LLC is paying $3 billion in cash to buy Texas Instruments Inc.'s sensors and controls business.

Bain Capital paying $720M for CRC Health

SAN JOSE, Calif., Oct. 13 (UPI) -- Bain Capital will pay $720 million to buy California-based CRC Health Group, American City Business Journals said Thursday.

Bain's paying $1.1B to buy Areva unit

BOSTON, Sept. 20 (UPI) -- Boston's Bain Capital will pay $1.3 billion for the electronics-equipment division of Areva SA, a French nuclear power company.

WSJ: Loews Cineplex may be acquired

NEW YORK, June 7 (UPI) -- A group led by Bain Capital is close to acquiring Loews Cineplex Entertainment for about $1.5 billion, the Wall Street Journal said Monday.
Bain Capital

Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as a leveraged buyout and venture capital fund, Bain Capital today manages approximately $80 billion in assets, and its strategies include private equity & venture capital as well as long/short public equity, credit products, and global macro hedge funds.

Bain Capital was founded in 1984 by Bain & Company partners Willard Mitt Romney, T. Coleman Andrews III, and Eric Kriss. In addition to the three founding partners, the early team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch, Stephen Pagliuca and Geoffrey S. Rehnert. Bain Capital's original $37 million fund was raised entirely from private individuals in mid-1984, led by Ricardo Poma, a Salvadoran businessman.

The firm's investment professionals evaluate potential deals based on a consulting-based due diligence process that analyzes a company's financial performance, market growth potential, industry attractiveness, and competitive position. One of the fund's first start-up investments was Staples, Inc., the $15 billion office supply retailer. The funding enabled Staples to expand from one store in 1986 to nearly 1,700 in 2006.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Bain Capital."
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