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NEWS: U.S. Firm Bain Capital Buys ADK Agency




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CCTakato



Joined: 24 Jul 2015
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PostPosted: Mon Oct 02, 2017 11:49 am Reply with quote
Isn't this the same investment firm that currently owns Toys R Us and Toshiba?
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Zalis116
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PostPosted: Mon Oct 02, 2017 2:08 pm Reply with quote
CCTakato wrote:
Isn't this the same investment firm that currently owns Toys R Us and Toshiba?
Yep, it's the very same one made famous by 2012 Presidential candidate Mitt Romney. Let's hope Japan's ready for a taste of American corporate raiders and vulture culture.
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samuelp



Joined: 25 Nov 2007
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PostPosted: Mon Oct 02, 2017 2:35 pm Reply with quote
Zalis116 wrote:
CCTakato wrote:
Isn't this the same investment firm that currently owns Toys R Us and Toshiba?
Yep, it's the very same one made famous by 2012 Presidential candidate Mitt Romney. Let's hope Japan's ready for a taste of American corporate raiders and vulture culture.

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



Joined: 27 Oct 2009
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PostPosted: Mon Oct 02, 2017 2:35 pm Reply with quote
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



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PostPosted: Mon Oct 02, 2017 3:23 pm Reply with quote
leafy sea dragon wrote:
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.

That's exactly what Bain does. Although of course it gets a big paycheck with it too.
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samuelp



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PostPosted: Mon Oct 02, 2017 3:23 pm Reply with quote
leafy sea dragon wrote:
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.

In this case though, couldn't happen to a nicer buncher of folks at ADK.... /s
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ReNellGlover



Joined: 08 Feb 2014
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PostPosted: Mon Oct 02, 2017 10:21 pm Reply with quote
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



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PostPosted: Mon Oct 02, 2017 10:50 pm Reply with quote
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



Joined: 14 Jan 2017
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PostPosted: Wed Oct 04, 2017 3:05 am Reply with quote
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).

leafy sea dragon wrote:
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.

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



Joined: 25 Feb 2012
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PostPosted: Wed Oct 04, 2017 3:42 am Reply with quote
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... Confused
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NitwitsWorld



Joined: 20 Dec 2016
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PostPosted: Fri Oct 06, 2017 7:44 pm Reply with quote
Blanchimont wrote:
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... Confused


Interesting? Go on....
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