Author Topic: BAIN CAPITAL - Why Should You Care  (Read 4405 times)

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Offline Anonymous

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Re: BAIN CAPITAL - Why Should You Care
« Reply #15 on: December 07, 2009, 10:01:43 PM »
Bain Capital is also being sued:  Dahl vs. Bain in the USDC district of Massachusets.  Allegations of anti-trust activity and insider shenanigans.  Anyone intererested can Google Dahl vs. Bain to learn more.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Anonymous

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Re: BAIN CAPITAL - Why Should You Care
« Reply #16 on: December 07, 2009, 10:32:30 PM »
Quote
We have been instrumental several times in litigating the partial or complete conversion of nonprofit entities to for-profit status.

Holy shit, there's some evil fucks over at R&G. Pretty much all they do is corporate defense of some of the nastiest scumbags in the business, with helping them avoid regulation on the side. Hey Ursus, have they ever been involved in Aspen's defense?

http://www.universalhub.com/node/28644
http://abovethelaw.com/2009/11/breaking ... s_gray.php
http://www.brandweeknrx.com/2007/09/rop ... -yet-.html

Oh yeah. Evil.

Hey, Bradford? You reading this? Look, we're not dumb enough here to actually ask that you do something ethical, however I would like to throw out that despite the piddly $2k Aspen's vice president gave his presidential campaign back in January of 07, it'll cost him a lot more in votes when the whole "Mitt Romney gets money from child abuse" meme starts spreading. And yes, it will spread, because I will spread it, anonymously and repeatedly. So my personal recommendation is to use whatever shares you have to tell CRC to disintegrate Aspen Education, sell the land, and cut their losses.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »

Offline Ursus

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Ropes & Gray / Bain Capital / CRC Health Corporation
« Reply #17 on: December 08, 2009, 11:34:52 AM »
Quote from: "Guest"
Quote
We have been instrumental several times in litigating the partial or complete conversion of nonprofit entities to for-profit status.
Holy shit, there's some evil fucks over at R&G. Pretty much all they do is corporate defense of some of the nastiest scumbags in the business, with helping them avoid regulation on the side. Hey Ursus, have they ever been involved in Aspen's defense?

http://www.universalhub.com/node/28644
http://abovethelaw.com/2009/11/breaking ... s_gray.php
http://www.brandweeknrx.com/2007/09/rop ... -yet-.html

Oh yeah. Evil.
Something along those lines... would be the gist of their rep, from what I can gather.  :D

I'm not sure that they would get involved in the nitty gritty of acting on behalf of Aspen's defense per se. The TTI, as far as individual programs are concerned, would appear to be, perhaps, chump change for them.

CRC Health Corporation as a whole, on the other hand, is another story. As far as Ropes & Gray's involvement with the latter is concerned, there is a fair amount of material one can find from a google regarding the year 2006. This would be when CRC "merged" with Bain.

Here are some Tech Agreements that they facilitated, regarding employee stock:

  • Management Agreement With Bain
    Effective Date:    February 06, 2006
    Parties:    CRC Health
    Sectors:    Services
    Law Firms:    DLA Piper, Ropes & Gray
    Governing Law:     New York

Ropes & Gray is also mentioned a couple of times in this Form 10-K (Annual Report for fiscal year ended Dec. 31, 2006) filed by CRC Health Corporation as "Ropes and Gray LLP, New York counsel to the Loan Parties."

Here is an Opinion (Exhibit 5.1) they filed June 20, 2006, confirming agreement particulars regarding exchange of stock and the loan period which, by the way, comes due February 1, 2016.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
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Offline Ursus

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Bain, Goldman Rigged Leverage Buyout Terms, Suit Says
« Reply #18 on: December 08, 2009, 04:31:03 PM »
Quote from: "Guest"
Bain Capital is also being sued:  Dahl vs. Bain in the USDC district of Massachusets.  Allegations of anti-trust activity and insider shenanigans.  Anyone intererested can Google Dahl vs. Bain to learn more.
A nice summary was posted on Bloomberg.com the day after it was first filed (2008):

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Bloomberg.com

New Suits
Bain, Goldman Rigged Leverage Buyout Terms, Suit Says

Bain Capital Partners LLC, Goldman Sachs Group Inc., The Blackstone Group, Merrill Lynch & Co. and 12 other investment banks and private-equity firms rigged bids for leveraged buyouts, investors claimed in a lawsuit.

Shareholders in companies targeted for buyout said the firms conspired to fix transaction prices and divide the market for private-equity services for LBOs in violation of federal antitrust law, according to the complaint filed yesterday in federal court in Boston.

In a leveraged buyout, a purchaser uses debt to acquire a controlling interest in the shares of a company, then takes it private. The defendants, which also include JPMorgan Chase & Co., Texas Pacific Group and Warburg Pincus LLC, conspired to dominate the LBO market and fix prices for target companies at artificially low levels, according to the complaint.

Mark Herr, a spokesman for New York-based Merrill, said the company doesn't comment on pending litigation. Goldman Sachs spokeswoman Gia Moron didn't return a phone call seeking comment.

The lawsuit was filed by Kirk Dahl of Minnesota, Helmut Goeppinger of Germany and Joel Gerber of New York. All three were shareholders of Freescale Semiconductor Inc. on Dec. 1, 2006, according to the complaint. On that date, Freescale agreed to be taken private by Blackstone, Texas Pacific, The Carlyle Group and Permira Advisors LLC. Carlyle and Permira are also named as defendants in the suit.

The case is Dahl v. Bain Capital Partners LLC, 08-10254, U.S. District Court, District of Massachusetts (Boston).

Last Updated: February 15, 2008 07:53 EST


©2009 BLOOMBERG L.P. ALL RIGHTS RESERVED.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
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Offline Ursus

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CRC Health - Recovery Division
« Reply #19 on: January 10, 2010, 11:52:11 PM »
Here's a look at a number of programs that CRC Health Corporation owns, which would appear to represent their "Recovery Division."


[The Aspen Ed programs are all within their "Healthy Living Division," and hence not listed here.
See also: http://www.crchealth.com/crc-health-divisions.php ]

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Subsidiaries of CRC Health Corporation as of 6/21/2006:

Name / Jurisdiction of Incorporation

4therapy.com NETWORK    /     California
Advanced Treatment Systems, Inc.1 /        Virginia
ATS of Cecil County, Inc.2      /   Virginia
ATS of Delaware, Inc.    /     Virginia
ATS of North Carolina, Inc.3    /     Virginia
Baton Rouge Treatment Center, Inc.      /   Louisiana
Beckley Treatment Center, Inc.     /    West Virginia
BGI of Brandywine, Inc.4      /   Virginia
Bowling Green Inn of Pensacola, Inc.5    /     Virginia
Bowling Green Inn of South Dakota, Inc.6     /    Virginia
California Treatment Services7      /   California
CAPS of Virginia, Inc.    /     Virginia
Cartersville Center, Inc.    /     Georgia
Charleston Treatment Center Inc.    /     West Virginia
Clarksburg Treatment Center, Inc.    /     West Virginia
Comprehensive Addiction Programs, Inc. /        Delaware
Coral Health Services, Inc.    /     Wisconsin
CRC ED Treatment, Inc.8      /   Delaware
CRC Health Oregon, Inc.    /     Oregon
CRC Health Tennessee, Inc. /        Tennessee
CRC Recovery, Inc.      /   Delaware
East Indiana Treatment Center, Inc.    /     Indiana
Evansville Treatment Center Inc.    /     Indiana
Galax Treatment Center, Inc.9     /    Virginia
Greenbrier Treatment Center, Inc. /        West Virginia
Huntington Treatment Center, Inc.    /     West Virginia
Indianapolis Treatment Center, Inc.         Indiana
Jayco Administration, Inc.      /   Nevada
Jeff-Grand Management Co., Inc.10      /   California
Kansas City Treatment Center, Inc.    /     Kansas
Milwaukee Health Services System11      /   California
Mineral County Treatment Center, Inc.    /     West Virginia

1    d/b/a Coatesville Treatment Center
2    d/b/a Elkton Treatment Center
3    d/b/a Cumberland County Treatment Center;
4    d/b/a Bowling Green Brandywine
5    d/b/a Twelve Oaks Treatment Center; Wellness Resource Center
6    d/b/a Keystone Treatment Center; Keystone Treatment Center Outpatient Services
7    d/b/a Recovery Solutions of Santa Ana
8    d/b/a Montecatini
9    d/b/a Life Center of Galax; Life Center of Galax Day Treatment Program; New River Treatment Center Methadone Maintenance; Clinch Valley Treatment Center Methadone Maintenance
10    d/b/a Jeff Grand Treatment Center
11    d/b/a 27th Street Clinic; 10th Street Clinic; Madison Clinic; Valley Health Systems; Wausau Health Services


Name / Jurisdiction of Incorporation

MWB Associates-Massachusetts, Inc.      /   Massachusetts
National Specialty Clinics, Inc.      /   Delaware
NSC Acquisition Corp. /        Delaware
Parkersburg Treatment Center, Inc.     /    West Virginia
Richmond Treatment Center, Inc.    /     Indiana
San Diego Health Alliance12    /     California
San Diego Treatment Services13    /     California
Sheltered Living Incorporated14    /     Texas
Sierra Tucson Inc.      /   Delaware
Southern Indiana Treatment Center Inc.      /   Indiana
Southern West Virginia Treatment Center, Inc.      /   West Virginia
Southwest Illinois Treatment Center, Inc.      /   Illinois
Stonehedge Convalescent Center, Inc.    /     Massachusetts
Stonehedge Convalescent Center Limited Partnership      /   Massachusetts
The Camp Recovery Centers, L.P.15      /   California
Transcultural Health Development, Inc.16      /   California
Treatment Associates, Inc.17      /   California
Virginia Treatment Center, Inc.18      /   Virginia
Volunteer Treatment Center, Inc.      /   Tennessee
WCHS of Colorado (G), Inc.19      /   Nevada
WCHS, Inc.20      /   California
Wheeling Treatment Center, Inc.21    /     West Virginia
White Deer Realty, Ltd.     /    Pennsylvania
White Deer Run, Inc.22    /     Pennsylvania
Wichita Treatment Center Inc.      /   Kansas
Williamson Treatment Center, Inc.    /     West Virginia
Wilmington Treatment Center, Inc.23         /Virginia

12    d/b/a Fashion Valley Clinic; Capalina Clinic; El Cajon Treatment Center
13    d/b/a Home Avenue Clinic; Third Avenue Clinic
14    d/b/a Live Healing Center of Santa Fe
15    d/b/a Azure Acres; Azure Acres IOP; Outpatient Services; The Camp Recovery Center Outpatient (Santa Cruz); The Camp Recovery Center
16    d/b/a Coastal Recovery Center
17    d/b/a Sacramento Treatment Clinic
18    d/b/a Roanoke Treatment Center
19    d/b/a Colorado Springs Treatment Center
20    d/b/a Colton Clinical Services; Riverside Treatment Center; Desert Treatment Clinic; Recovery Treatment Clinic; 6th Street Clinic; Silver Street Treatment Center; Hemphill Treatment Facility; The Renton Center; Lynnwood Clinic; Tacoma Treatment Solutions; Vancouver Treatment Solutions
21    d/b/a Weirton Treatment Center
22    d/b/a White Deer Run, Inc.; Cove Forge Behavioral Health System; Cove PREP Torrance State Hospital; White Deer Run of Lancaster; New Perspectives at White Deer Run; White Deer Run at Blue Mountain; New Directions; Renewal Center; White Deer Run of Allentown; White Deer Run of Altoona; White Deer Run of Bloomsburg; White Deer Run of Chambersburg; White Deer Run of Harrisburg; White Deer Run of Lewisburg; White Deer Run of New Castle; White Deer Run of Pottsville; White Deer Run of Reading; White Deer Run of Williamsport
23    d/b/a Wilmington Treatment Center; Wilmington Treatment Center Outpatient Services
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
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