Gome Electrical Appliances, China’s second-largest electronics retailer, may sell as much as 20% of itself to Bain Capital for about $500m, reports Bloomberg. Bain is competing for Beijing-based Gome with KKR and Warburg Pincus, which are still pursuing the stake. While Bain is in the final stage of talks with Gome, the retailer hasn’t formally picked the US buyout firm as its preferred buyer.

This entry was posted by Gwen Robinson on Wednesday, May 27th, 2009 at 4:56 and is filed under Capital markets, Private equity. Tagged with bain, Gome, kkr, warburg pincus. Edit this entry.