Bain Capital, according to a New York Times story published Wednesday, has been accused by shareholders in a Boston court of conspiring with other private-equity firms to keep a lid on prices of companies they planned to purchase.
The Times says that, when Bain led the $32.1 billion buyout of HCA in 2006 — its biggest-ever transaction — “competitors agreed to ‘stand down’ and not bid as part of an understanding to divvy up companies targeted.” Reporters Eric Lichblau and Peter Lattman cited “internal company e-mails" as their source.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS