Gome and best forgotten

US private equity firm Bain Capital finally exits a tortured six-year investment in Gome Electrical Appliance Holdings close to where it first purchased the stake.

Gome and best forgotten
Jailed founder Huang Guangyu never welcomed Bain's involvement

Bain Capital closed the book on a historically fraught relationship with Gome Electrical Appliance Holdings after Wednesday's close with a HK$1.041 billion $130 million clean up block trade that priced at HK$1.13 per share. 

The US private equity firm made almost no money on the sale of the 5.4% stake, which it first purchased in July 2009 via as a convertible bond with a strike price of HK$1.18. At the time...

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