I wrote a comprehensive answer to this in response to a question about how private equity firms like Bain make money bankrupting companies like Toys R Us. Warning: It's long.
Bain Capital was founded and led by none other than Mitt Romney if anyone was wondering.
“In 1984, he co-founded and led the spin-off company Bain Capital, a private equity investment firm that became one of the largest of its kind in the nation.”
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u/Fabtacular1 Feb 14 '25
I wrote a comprehensive answer to this in response to a question about how private equity firms like Bain make money bankrupting companies like Toys R Us. Warning: It's long.
https://www.reddit.com/r/explainlikeimfive/comments/84iz8v/comment/dvq9ck1/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button