Bain Capital Affiliates To Buy Gymboree For $1.8 Billion

Bain Capital Partners LLC of Boston signed a definitive agreement for affiliates to acquire Gymboree Corp.’s outstanding stock for $65.40 per share, or $1.8 billion. The deal has the unanimous approval of Gymboree’s board of directors. The offer represents a 57.4 percent premium to the Gymboree’s share price on Sept. 30, before market rumors of deal and a 23.5 percent compared to Gymboree’s closing stock price on Oct. 8.

DealsNorth AmericaUSBriefs