Article From: "Greg Ryan"   Read full article

Boston-based private equity firm Bain Capital is one of the three owners of Toys “R” Us poised to take a hit on their 12-year-old investment now that the toy chain has declared bankruptcy.

Bain, fellow private equity giant KKR & Co. LLP (NYSE: KKR) and real estate investment firm Vornado Realty Trust (NYSE: VNO) took Toys “R” Us private in 2005 in a $6.6 billion deal. The trio paid $1.3 billion in cash in total, with the remainder financed by debt.

That debt played a large role in the retailer’s…