Sounds like Bain was hoping for another Hinckley deal.
While the article paints a gloomy picture, if you get into the details it looks like Goldman Sachs is the one that is most at risk on this one -- Bain seems to have negotiated very lenient credit terms for this LBO of Bavaria. Bain has a good track record for coming out ahead...
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Pacific Seacraft Crealock 31 #62
NEVER CALLS CRUISINGDAD BACK....CAN"T TAKE THE ACCENT