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Bain Capital
*** Shopping-Tip: Bain Capital
'''Bain Capital LLP''' is a
Boston,
Massachusetts-based
private equity firm founded in
1984 by
Mitt Romney, the current
Governor of Massachusetts, and two other partners from
Bain & Company, the
consulting firm:
T. Coleman Andrews and
Eric Kriss. Bain Capital was originally conceived as a combined equity start-up and
leveraged buyout funding fund, an innovative strategy at the time.
History
The original $37 million fund was raised entirely from private individuals in mid-1984, led by Ricardo Poma, the
El Salvadoran billionaire. One of the fund's first start-up investments was
Staples, Inc., the $15 billion
office supply retailer.
In addition to the three founding partners, the early Bain Capital team included
Fraser Bullock,
Robert F. White,
Joshua Bekenstein, and
Geoffrey S. Rehnert. Mr. Bullock later became the
Chief Operating Officer for the
2002 Olympic Winter Games.
Twenty years after its inception, Bain Capital manages over $17 billion in assets, and holds positions in such iconic American companies as
Toys R Us,
Burger King and
Unisource.
In September
2002, Bain Capital partner Steve Pagliuca led a private buyout of the
Boston Celtics.
In November,
2004, the
Dollarama chain of
dollar stores, based in
Montreal,
Canada and operating stores in the provinces of
Eastern Canada were purchased by Bain Capital for $1.05 billion
Canadian Dollar CDN.
In March
2005, Pagliuca proposed a $3.5 billion buyout of all 30 teams in the
National Hockey League. The offer was promptly rejected. In June 2005, the company made a revised bid of $4.3 billion for the 30 teams and allow the current owners to maintain a stake in the league.
In June
2005, Bain teamed up with
Haier Group, China's largest appliance maker, and private equity firm
Blackstone Group in an attempt to acquire
Maytag for over $1 billion. The bid was dropped a month later.
Affiliates
Bain Capital's family of funds includes
private equity,
venture capital, public equity and leveraged debt assets.
'''Absolute Return Capital (ARC)''' is the global macro affiliate of Bain Capital managing approximately $600 million of capital. ARC manages assets in fixed income, equity and commodity markets to produce attractive risk-adjusted returns while maintaining low correlation to traditional investments.
'''Bain Capital Private Equity''' has raised seven funds and invested in more than 200 companies. The private equity activity includes
leveraged buyouts and growth capital in a wide variety of industries.
'''Bain Capital (Europe) Limited''', an affiliate of Bain Capital, LLC, is dedicated to investment opportunities in the European market. Based in
London and
Munich, and building off Bain Capital's successful European investment track record since 1987, our experienced multi-national staff pursues a wide variety of investment opportunities.
'''Bain Capital Ventures''' is the venture capital arm of Bain Capital, focused on seed through late-stage growth equity investing in software, hardware, information, healthcare, and technology-driven business services companies.
'''Brookside Capital''' is the public equity affiliate of Bain Capital. Brookside's primary objective is to invest in securities of publicly traded companies that offer opportunities to realize substantial long-term
capital appreciation.
'''Sankaty Advisors''', the
fixed income affiliate of Bain Capital, is one of the nation's leading private managers of
high yield debt obligations. With over $12 billion of committed capital, Sankaty invests in a wide variety of securities, including
leveraged loans,
high-yield bonds,
distressed debt,
mezzanine debt,
convertible bonds,
structured products and
equity investments.
External links
-
Company Website
Category:Companies based in Massachusetts
Category:Financial services companies of the United States
*** Shopping-Tip: Bain Capital
