Bain Capital Considers US LBM Stake Sale at $7 Billion Value

Bain Capital is considering a sale of a minority stake in US LBM that could value the building materials group at about $7 billion or more, including debt, according to people familiar with the matter.

The company is working with an adviser to run an auction process for a 49% stake, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The stake is likely to interest other private equity firms, the people said. No final decision has been made, terms of the sale could change or Bain could opt to keep the stake, the people added.