Look who is going private.

Guitar Center to Be Bought by Bain for $1.9 Billion

June 27 (Bloomberg) -- Guitar Center Inc., the largest U.S. retailer of musical instruments, agreed to be bought by Bain Capital Partners LLC for $1.9 billion.

Bain will pay $63 a share in cash, Guitar Center said today in a statement, 26 percent more than the stock's closing price yesterday. The buyout firm will also assume Guitar Center's debt, bringing the total transaction value to $2.1 billion.

NO MORE BARGAINS

Established in 1984, Bain Capital is one of the world's leading private investment firms with approximately $40 billion in assets under management. Bain Capital's family of funds includes private equity, venture capital, public equity and leveraged debt assets. Our competitive advantage is grounded in a people-intensive, value-added investment approach that enables the firm to deliver industry-leading returns for its investors.
Absolute Return Capital (ARC) is the global macro affiliate of Bain Capital. ARC manages assets in fixed income, equity, commodity and currency markets to produce attractive risk-adjusted returns while maintaining low correlation to traditional investments.
Bain Capital Private Equity has raised nine funds and invested in more than 200 companies. The private equity activity includes leveraged buyouts and growth capital in a wide variety of industries.

Bain Capital (Europe) Limited, an affiliate of Bain Capital, LLC, is dedicated to investment opportunities in the European market. Based in London and Munich, and building off Bain Capital's successful European investment track record since 1987, our experienced multi-national staff pursues a wide variety of investment opportunities.

Bain Capital Ventures is the venture capital arm of Bain Capital, focused on seed through late-stage growth equity investing in software, hardware, information, healthcare, and technology-driven business services companies.

Brookside Capital is the public equity affiliate of Bain Capital. Brookside's primary objective is to invest in securities of publicly traded companies that offer opportunities to realize substantial long-term capital appreciation.

Sankaty Advisors, LLC, the credit affiliate of Bain Capital, LLC, is one of the nation's leading private managers of high yield debt obligations. With approximately $13 billion assets, Sankaty invests in a wide variety of securities, including leveraged loans, high-yield bonds, stressed debt, distressed debt, mezzanine debt, structured products and equity investments. Through a variety of funds, Sankaty Advisors has the ability to invest in a company's capital structure at every level from secured debt to equity, and can also provide capital to growing companies with unique financing needs.

$1.9 Billion ?!? ... that's more than I made last month !!! ....
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