Bain Capital related stories
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When is a tax dodge not a tax dodge?Using management fee conversions to turn fee income into carry is not necessarily as illegitimate as it looks – but it may have damaging long-term consequences.
- Romney highlights Bain record at convention
Despite a rash of negative ads regarding his time at Bain, Mitt Romney referred with pride to his record at the private equity firm while accepting the Republican nomination for US president.
- New York to investigate PE firms over tax abuse
Many of the largest US private equity firms have reportedly been caught up in a probe over management fee conversions, which can reduce the tax they pay by up to 20 percent.
- University of Michigan commits to Sankaty
Longtime Sankaty LP University of Michigan has committed $40m to the Bain credit affiliate’s latest offering, which is targeting $3.5bn.
- GPs attempt to wade through carry uncertainty
Private equity firms are asking limited partners for terms that would allow for the renegotiation fund agreements in the event carry’s tax treatment changes.
- Biden goes after carry in VP debate
Thursday night’s Vice Presidential debate included a pointed reference to carried interest’s tax treatment, which Vice President Joe Biden referred to as a loophole.
- Bain Capital enters Spain
The Boston-based firm is poised to make its first Spanish investment, after agreeing to acquire call centre business Atento for more than €1bn.
- Internal e-mails used in collusion case
Private equity executives’ emails are being used as evidence that some of the world’s most prominent firms allegedly colluded on mega-buyouts between 2003 and 2007, in an effort to drive down prices and limit competition.
- Bain backs tool maker in $1.6bn buyout
The firm will acquire Apex Tool Group, its largest disclosed investment of 2012.
- First Round: Bain kills hip-hop
It never rains but it pours for Bain Capital. As if the whole Mitt Romney thing wasn’t causing enough trouble, now the Boston-based buyout shop is being hammered by a local paper in St. Louis for shutting down one of the city’s two hip-hop and R&B stations.