Monday, November 7, 2016

Blue Nile Acquired For $500M By Private Equity Investors

Seattle-based online jewelry retailer Blue Nile said this morning that it is going private, in an acquisition by private equity investors Bain Capital Private Equity and Bow Street. The company said that Bain Capital Private Equity and Bow Street will pay $40.75 per share for the company. The deal will take the currently public company, which trades as NILE on the NASDAQ, private.