Bain Capital/Bow Street $500 million acquisition of Blue Nile

Overview:

• Private equity firms Bain Capital and Bow Street have led a group of investors to take online jewelry retailer Blue Nile private in a $500 million acquisition.
• The price tag comes to $40.75 per Blue Nile share.
• T Rowe Price and Wasatch Advisors are the jeweler's two biggest shareholders.
• Bank of America Merrill Lynch served as financial adviser for Blue Nile.
• The deal is expected to close in the first quarter of 2017.

Kurt Stumpo - Journalist