Mitt Romney On Bain’s Plan To Buy And Harvest Companies
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[Mitt Romney On Bain’s Plan To Buy And Harvest Companies]
[Willard Mitt Romney (March 12, 1947)] Source: LYBIO.net
Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit… The fund was formed on September 30th of last year. It’s been about 10 months then. It was formed with $37 million in invested cash. An additional $50 million or so of what I’ll call a call pool, which is money that we can call upon if the deals are large enough that they require more than a $2 or $3 million dollar initial investment. Why in the world did Bain and Company get involved in this kind of a business? We’re not particularly noted for having years and years of experience in financing. Three reasons. We recognized that we had the potential to develop a significant and proprietary flow of business opportunities. Secondly, we had concepts and experience which would allow us to identify potential value and hidden value in a particular investment candidate. And third, we had the consulting resources and management skills and management resources to become actively involved in the companies we invested in to help them realize their potential value.
Mitt Romney On Bain’s Plan To Buy And Harvest Companies. Five to eight years later, to harvest them at a significant profit. Complete Full Transcript, Dialogue, Remarks, Saying, Quotes, Words And Text.