Bain Capital Invests $12 Million in EDGAR Online (SEC reporting engine)

[Ruby the Liberal]

http://dealbook.nytimes.com/2010/01/29/bain-capital-invests-12-million-in-edgar-online/

From 2010:

Bain Capital said Friday that it has invested $12 million in Edgar Online, a publicly traded data services company that helps businesses prepare regulatory filings in a new format that will be mandatory by 2012.

As private equity firms slowly recover from the financial crisis, which had clamped down on the debt they need to make their deals, some are trying to make investments that don’t rely heavily on leverage. Among these transactions are public investments in private equity, known as PIPEs.

Edgar Online’s main offering is helping companies prepare filings for the Securities and Exchange Commission in a computer format known as XBRL, which is used for the S.E.C.’s Edgar tool. It also offers data analysis products for regulatory filings.

EDGAR is the system online at the SEC to search filings.

h/t to Daily Kos for finding this and noting:

Next time Romney or his surrogates tries to downplay the seriousness of these records, someone should ask this question: "If these records aren't important, then why is Bain invested in EDGAR Online, a company whose core business is helping other companies prepare these type of documents for the Securities and Exchange Commission?"

[BumRushDaShow]

1. Probably all sorts of things that they bought into

they were out to make the massive quick buck.