in an auction for the company. In June 2007, Bain agreed to acquire HD Supply, the wholesale construction supply business of Home Depot for $10.3 billion. Bain, along with partners Carlyle Group and Clayton, Dubilier & Rice, would later negotiate a lower price ($8.5 billion) when the initial stages of the subprime mortgage crisis caused lenders to seek to renegotiate the terms of the acquisition financing. Just days after the announcement of the HD Supply deal, on June 27, Bain announced the acquisition of Guitar Center, the leading musical equipment retailer in the U.S. Bain paid $1.9 billion, plus $200 million in assumed debt, representing a 26% premium to the stock's closing price prior to the announcement. Bain also acquired Edcon Limited, which operates Edgars Department Stores in South Africa and Zimbabwe for 25 billion rand ($3.5 billion) in February 2007. Other investments during the buyout boom included: Bavaria Yachtbau, acquired for €1.3 billion in July 2007 as well as Sensata Technologies, acquired from Texas Instruments in 2006 for approximately $3 billion. It is noted that Bain Capital seldom engages in reinvesting in its own companies that ran into difficulties. This was the case with Dade Behring, which was sold after emerging from a bankruptcy. Since 2008 In the wake of the closure of the credit markets in 2007 and 2008, Bain Capital Private Equity managed to close only a small number of sizable transactions. Since 2008, the Bain Capital subsidiary has completed a number of transaction types, including minority ownership, majority ownership, and completely-funded acquisitions. In July 2008, Bain Capital Private Equity, together with NBC Universal and Blackstone Group agreed to purchase The Weather Channel from Landmark Communications. The company also partnered with Thomas H. Lee Partners to acquire Clear Channel Communications in July 2008. That same year, Bain Capital Private Equity acquired D&M Holdings for $442 million. In June 2009, Bain Capital Private Equity announced a deal to invest up to $432 million in Chinese electronics manufacturer GOME Electrical Appliances for a stake of up to 23%. In 2010, the company acquired Styron, a division of The Dow Chemical Company, for $1.6 billion, and also acquired Gymboree for $1.8 billion. In 2011, the company, together with Hellman & Friedman, acquired Securitas Direct AB. Hellman & Friedman purchased Bain Capital's remaining stake in Securitas Direct in October 2015. In 2012, Bain Capital Private Equity acquired Physio-Control for $478 million,