Call me stupid but why would Bain be prepared to put up over $600 million as an immediate injection along with presumably $20-50 million so far in costs of getting the process to here if they weren’t somewhat assured of taking over the company? I know that amount of money is probably loose change to these people but I’m guessing they don’t get that cash back if it falls over.
Big business isn’t my area but doesn’t it defy logic and fiscal sense to pump that much cash into something you “might” own?
If the administrator had the cash to run a skeleton operation (But not ramp up) until the approval of any deal, why didn’t Bain just wait until then to inject the cash. Is it simply about being able to ramp up and protect their possible investment for down the track and $600 million is just the cost of doing that?
Last edited by Boeingpilot738; 12th Jul 2020 at 00:46.