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BOSTON-Locally-based Bain Capital Partners LLC is purchasing the Gymboree Corp. for $65.40 per share, which translates into $1.8 billion. The purchase price will signify at 57.4% premium to the primarily child product retailer’s share price. The deal is expected to close by the end of 2010.

“Gymboree is a terrific company with incredible brand strength and large population of extremely satisfied customers,” says Jordan Hitch, a managing director at Bain Capital. The retailer will remain in its current locations throughout the US, Canada and Australia.

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