Mitt Romney private equity firm, Bain Capital, partnered with Thomas H. Lee Partners to purchase the company. In 2008, the investment group took Clear Channel Communications private in a massive leveraged buyout. Following the 2008 buyout, Clear Channel Communications continued to operate, eventually rebranding its corporate parent as iHeartMedia in 2014
Mitt Romney’s Bain Capital and Thomas H. Lee Partners’ 2008 Leveraged Buyout of Clear Channel: The Deal That Led to iHeartMedia
Mitt Romney private equity firm, Bain Capital, partnered with Thomas H. Lee Partners to purchase the company. In 2008, the investment group took Clear Channel Communications private in a massive leveraged buyout. Following the 2008 buyout, Clear Channel Communications continued to operate, eventually rebranding its corporate parent as iHeartMedia in 2014
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