Bain denies talk of potential Gome exit
Bain Capital has said it plans to remain a long-term investor in Gome Electrical Appliances Holding, scotching reports in August that it had appointed a bank to arrange the sale of its shares. Bain owns 10% of the company, having invested $420 million in June 2009 through a convertible bond issue.
Jonathan Zhu, a managing director at Bain, told Dow Jones Newswires that no one has approached the private equity firm regarding a potential sale. Dazhong Zhang, chairman of Gome, said in a separate interview...
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