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BIZCHINA> Top Biz News
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Source: Bain Capital agrees to buy into GOME
(Agencies)
Updated: 2009-06-08 17:15 US private equity giant Bain Capital has agreed to buy a major stake in China's top home appliance retailer GOME, a source with direct knowledge of the deal said on Sunday.
On Wednesday, Bain was reported to enter into exclusive talks to buy a major stake in GOME, dubbed as China's Best Buy, after months of competition with other potential investors including Kohlberg Kravis Roberts & Co and Warburg Pincus. Representatives for Bain and GOME both declined to comment. (For more biz stories, please visit Industries)
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