For Mitt Romney, Bain Capital’s record mixed in Colorado

May 29, 2012

The Denver Post

Bain Capital’s history in Colorado is not necessarily the tale of pillaging and looting that opponents of presidential candidate Mitt Romney convey. Neither is it one of white knights creating jobs and happy endings that his backers would prefer be told. While private equity firms invest in young companies, often they show up when firms are failing, which can be a messy business, said Mac Clouse, a University of Denver professor of finance. “In an effort to create value, sometimes you have to make tough decisions that involve layoffs and closing down divisions,” Clouse said. “The alternative if you don’t do some of those things, the whole company doesn’t make it.”