- Thread starter
- #81
You're clearly a retard.
This post leads me to believe you think Bain Capital bought Guitar Center to make it better. That's not how Private Equity works. They generally purchase a company using the brand's name as "equity". They (Bain) then borrow against that name and pay themselves back putting the burden on the business to repay the loan. In the case of Bain Capital and Guitar Center, Bain purchased Guitar Center to the tune of $2.1 billion dollars with $540 million in cash and $1.56 billion in credit. Then they slashed everything, froze pay for YEARS, and said no to anything that would change Guitar Center's course. If Guitar Center is in business past 2017 it will be a shock to me. The worst part will be that Guitar Center is 30%-35% of the music retail business. If they go under they will pull a lot of small businesses with them.
