Bain & Co and Goldman to pay combined $121m in collusion settlement

Pile Of Coins

Goldman Sachs will pay $67m and Bain Capital Partners LLC will pay $54m to settle their portions of a lawsuit accusing several of the world's largest private equity firms of conspiring not to outbid each other on companies they sought to buy.

Reuters reports that the preliminary settlement with former shareholders of publicly traded companies that were acquired in buyouts was disclosed in papers filed on Wednesday with the U.S. District Court in Boston, and requires court approval.

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Goldman, Bain to pay $121 million in LBO collusion settlement

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