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Bain-Owned Firm Files for Chapter 11

Contec Holdings Ltd., the cable-box repair company owned by Bain Capital Partners, filed for Chapter 11 bankruptcy protection Wednesday with a plan in hand to restructure some $360 million in debt.

Senh: This sounds familiar. Bain buys a company, saddle it with debt, force it to go into bankruptcy, and then leaves with millions for their "management services."

 

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