Unsealed court documents show how Blackstone (BX), Goldman Sachs' (GS) P-E arm, Bain and other...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Unsealed court documents show how Blackstone (BX), Goldman Sachs' (GS) P-E arm, Bain and other firms appear to have colluded on bids for companies they were buying in order keep prices down. In Bain's $32.1B purchase of hospital giant HCA in 2006, rival suitors agreed to "stand down" as part of an understanding to divide up the acquisition of other firms. The documents are part of a lawsuit against the firms for the actions.