In a cover story this week, BusinessWeek recounts one of the most ill-fated LBOs of the mid-2000s: the $7.5 billion deal for the retailer Toys ‘R’ Us by Bain Capital, KKR and Vornado Realty Trust in 2005. The chain filed bankruptcy earlier this year.
“Bain, KKR, and Vornado, which together collected $470 million in fees and interest payments over the years, will end up losing well over a billion dollars combined,” the story reports.
King of Capital 