Bain Capital, KKR, Bank of America and the brother of former US Senate majority leader William Frist are each in line to make nearly $3bn in the IPO of HCA from their $1.2bn investment in the 2006 leveraged buyout of the US hospital chain, reports the WSJ. The gain – about 250% over five years – would represent one of the largest ever from a private-equity deal. Ironically, the windfall could grow further under President Barak Obama’s health-care overhaul. HCA co-founder Thomas Frist Jr, older brother of Sen Frist, contributed $950m and received a nearly 19% stake in the newly private company. About 1,400 HCA executives also received equity. Sen Frist, Republican majority leader at the time, didn’t play a role. The IPO is set to price on March 9, adds Reuters.

This entry was posted by Gwen Robinson on Friday, March 4th, 2011 at 5:03 and is featured in The 6am Cut London (4 Mar 2011) . Tagged with Bain Capital, BofA, hca, kkr. Edit this entry.