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Bain Capital acquires ICON Health & Fitness for $373 million.

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BOSTON–(BUSINESS WIRE)–Nov. 14, 1994 — Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. , one of

the nation’s leading private equity investment firms, has acquired

ICON Health & Fitness Inc., one of the nation’s leading

manufacturers and marketers of home fitness equipment, for $373 million.

The transaction is believed to be one of this year’s largest

private buyouts on Wall Street.

ICON, based in Logan, Utah Logan is a city in Cache County, Utah, in the United States. As of the 2000 census, the city population was 42,670, a substantial increase over the 1990 figure of 32,771. The estimated population in 2006 had increased to 47,660. , expects 1994 sales to be in excess of

$525 million, or approximately 27 percent of wholesale domestic home

fitness equipment sales. The company’s products include aerobic

fitness aerobic fitness

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