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Bloomberg reports that Gome Electrical Appliances Holdings Ltd. may sell up to 20% of the company to Bain Capital LLC. The asking price is said to be approximately $500 million. The other companies competing for the piece of Gome are KKR & Co. (NYSE: KFN) and Warburg Pincus.

Gome is the second-largest electronics retailer in China, with more than 800 stores in over 160 cities. So it makes a nice target for investors looking for alternatives to recession-constrained businesses in the United States, Europe and developed markets in Asia.

Continue reading Bain in lead for 20% stake in China's Gome?

Bain in lead for 20% stake in China's Gome? originally appeared on BloggingStocks on Wed, 27 May 2009 07:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bain capitalchinachina stocksgomegome groupinthenewskkrkkr financialkohlberg kravis robertsKohlbergKravisRobertswarburgwarburg pincusWed, 27 May 2009 07:00:00 EST