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

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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