Bain Capital sitting on 10% gain after snapping up Metroglass stake

Wed, 28 Nov 2018

By Paul McBeth Nov. 28 (BusinessDesk) - US private equity firm Bain Capital is sitting on a 10 percent paper gain a day after buying a stake in struggling glass products maker Metro Performance Glass. The firm spent almost $7 million buying a 9.4 percent stake yesterday, making it the biggest shareholder in Metroglass. Bain paid 40 cents a share using a vehicle that targets distressed assets and is already sitting on a paper gain with the shares up 4 cents at 44 cents today. Bain is familiar with Metroglass, having sold 8.2 million s...

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