Forum - View topicNEWS: U.S. Firm Bain Capital Buys ADK Agency
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CCTakato
Posts: 514 |
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Isn't this the same investment firm that currently owns Toys R Us and Toshiba?
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Zalis116
Moderator
 Posts: 6900 Location: Kazune City |
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samuelp
Industry Insider
Posts: 2246 Location: San Antonio, USA |
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They actually purchased a chain of onsen resorts called Oedo Onsen a couple years ago already, so this is hardly Bain's first venture into Japan. |
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leafy sea dragon
 Posts: 7163 Location: Another Kingdom |
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Bah. They've mishandled Toys R Us so badly that it's filing for bankruptcy again. While Toshiba's going along stably (though not wonderfully), Bain comes across as the sort of company that will buy a company, suck it dry with debt, and let it go.
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Megiddo
 Posts: 8360 Location: IL |
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That's exactly what Bain does. Although of course it gets a big paycheck with it too. |
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samuelp
Industry Insider
Posts: 2246 Location: San Antonio, USA |
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In this case though, couldn't happen to a nicer buncher of folks at ADK.... /s |
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ReNellGlover
Posts: 123 |
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ADK is also an owner of the Yu-Gi-Oh! anime franchise (the one that started in 2000, not the 1998 TV series)
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Mr. Oshawott
 Posts: 6773 |
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Considering that Bain Capital was founded by the unscrupulous Mitt Romney, I've a bad feeling that ADK is going to be mercilessly run into the ground...
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Compelled to Reply
 Posts: 358 |
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Romney left Bain Capital in 1999, yet was slandered for everything after during his presidential campaign.
It already owns a considerable stake in ADK with British rival and partner WPP, who is contesting to selling their stake. If successful, it's likely they will shake-up ADK, and then sell it in pieces or whole to a competitor(s).
Currently, they're in a fight to acquire Toshiba's flash memory unit, which apart from civil engineering, is its only lucrative business nowadays, as Japanese consumer electronics are going the way American ones did. I'd be more concerned that SK hynix is part of the bidding consortium, which along with most other South Korean companies, was notorious for IP theft even before China. |
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Blanchimont
 Posts: 3564 Location: Finland |
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I can't say reading the above discussion isn't making me queasy, when I remember Bain Group became the majority shareholder of the company I work for last year...
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NitwitsWorld
 Posts: 16 |
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Interesting? Go on.... |
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