Private-Equity Rallies Around Mitt Romney’s Dodd-Frank Cure
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One evening in late September, Mitt Romney supporters gathered at the $3 million Boca Raton, Florida, home of Marc Leder, the Sun Capital Partners Inc. co-founder behind the takeovers of retailers Friendly Ice Cream Corp., Limited stores and ShopKo Stores Inc.
Waiters served brie-stuffed French toast and short-rib tartlets as guests including Daniel Staton, chairman of social-networking company FriendFinder Networks Inc., lingered about the 10,657 square-foot (990 square-meter), six-bedroom waterfront home. Then they gathered inside for a half-hour speech by Romney, whose years of buying and selling companies for Bain Capital LLC left him with a worth of as much as $250 million and a natural rapport with the crowd.