Social Network Comes into Play as PPG Industries Strike a Deal with Bain
Bain Capital’s latest deal to sell SigmaKalon Group to PPG Industries for $3.1 billion may have been motivated by common connections, according to an IntellectSpace Knowledge Map of the ties between the companies. PPG announced the purchase on Thursday of Bain’s Netherlands-based unit (see article from DealBook).
PPG and Bain share multiple connections, with a significant number through PPG Director Michele J Hooper. Currently serving as a Director of Warner Music Group, Hooper can be linked to the following individuals:
• John Connaughton, Director of Warner Music and Managing Director of Bain
• Ian Loring, Director of Warner Music and Managing Director of Bain
• Mark E Nunnelly, Director of Warner Music and Managing Director of Bain
• Michael D Fleisher, Executive Vice President and Chief Financial Officer of Warner Music and former Consultant and Associate of Bain
Another relationship of interest links Bain’s Co-Founder and former CEO, Willard Mitt Romney to PPG Director Thomas J Usher through the Boy Scouts of America, where both served as Directors.
PPG was likely able to take advantage of these strong connections to Bain in order to secure a deal.
Click here or copy this link into your Internet Explorer browser for an interactive version of this IntellectSpace Knowledge Map: http://nv.intellectspace.com
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