Bain Capital selling stake in China’s GOME to raise $137 mln -IFR

Wednesday, January 21, 2015

(Reuters by Anne Maie Roantree) – Jan 21 (Reuters) – Private equity firm Bain Capital is selling all of its remaining stake in Chinese electronics retailer GOME Electrical Appliances Holding Ltd to raise up to HK$1.06 billion ($137 million), according to a term sheet obtained by IFR, a Thomson Reuters publication.

The deal, involving 922 million shares, is being marketed at an indicative price range of HK$1.12-$1.15 each, or a discount of 2.5 percent-5.1 percent to the pre-deal spot.

UBS is the sole bookrunner for the deal.

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