Bain Capital Buys British Blood Bank

Bain Capital, the private equity firm branded a “job destroyer” in the US presidential elections, has bought a majority stake in the state-owned blood products firm Plasma Resources UK, reports the Guardian.   Lord Owen, a former Labour health minister in the 1970s, who created a service to make the UK self-sufficient in blood supplies, said it was “hard to conceive of a worse outcome” than the £200m sale of an 80% stake in the Hertfordshire-based company to private equity. The Department of Health will retain a 20% share in the business.