Bain Capital Saved Spot Where President First Kissed Michelle
Well, at least President Barack Obama should know where to send the Thank You card.
This week, a new memorial was unveiled in Chicago recalling the first kiss by Barack Obama and his future bride Michelle. The 3,000-pound granite marker stands outside a Baskin-Robbins ice cream shop, where the future couple shared some treats before that first buss.
The ice cream shop wouldn't be around today, however, if not for the efforts of Bain Capital. You know, the private equity firm started by GOP presidential candidate Mitt Romney which Obama has been demonizing for weeks on end.
In 2005, Bain and two other private equity firms purchased Dunkin’ Brands Incorporated for $2.425 billion, according to a 2006 company press release.
Dunkin’ Brands is the parent company of Baskin-Robbins, at whose Hyde Park, Chicago location the president and his future wife Michelle went on their first date — and shared their first lip lock....
In 2011, Dunkin’ Brands raised $400 million for its IPO, according to The Associated Press. The IPO allowed it to pay off most of its $475 million in high-interest debt.