Guitar Center Inc. to Be Acquired by Bain Capital
WESTLAKE VILLAGE, CA — Guitar Center, Inc. today announced that it has signed a definitive agreement to be acquired by affiliates of Bain Capital Partners, LLC, a global private investment firm. The total transaction value, including assumed debt, is approximately $2.1 billion.
FOH editor Bill Evans commented, “Unlike some other acquisitions recently announced, this does not appear to be a typical Wall Street grab and dash but rather a way to allow the chain to continue to grow without the often unrealistic expectations shareholders can make of a public company. In recent years, GC has grown from the 50 range to more than 200 stores currently and is expected to have well over 300 by next year."
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