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Bain Capital’s Stephen Pagliuca on private equity and the Boston Celtics

Exchanges

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How I Invested in the Gardener Group

I was a consultant at Bayne when I looked across the street and saw Steve's Ice Cream. It makes Hagenas look like it's a diet ice cream, he says. He buys franchise rights for state of North Carolina from man who doesn't even know where there is. We bought Gardener Group in 1991 with 6 million equity and 64 million debt. The value of the company is around 20 billion from that 6 million equity has been 20 billion.

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