Reiss also owns a significant minority stake in the company, which is based in Toronto. [54], Much of the firm's profits was earned from a relatively small number of deals, with Bain Capital's overall success and failure rate being about even. [100] However, in November the original transaction collapsed when Burger King failed to meet certain performance targets. Bain Capital Private Equity has sold Consolidated Container Co., a plastic packaging manufacturer in Atlanta, to the New York–based conglomerate … Bain Capital Investor Portal Please log in to access your account information. [152] In September 2019, SpringWorks, a biopharmaceutical company Bain Capital Life Sciences owns a 17% stake in, launched an IPO. Our offices span four continents with locations in Boston, Chicago, Dublin, Guangzhou, Hong Kong, Lisbon, London, Luxembourg, Madrid, Melbourne, Mumbai, Munich, New York, Palo Alto, San Francisco, Seoul, Shanghai, Singapore, Sydney and Tokyo. [35][55][56], Romney took a paid leave of absence from Bain Capital in February 1999 when he became the head of the Salt Lake Organizing Committee for the 2002 Winter Olympics. [105] Following this transaction, by the end of 2004 and in 2005, major buyouts were once again becoming common and market observers were stunned by the leverage levels and financing terms obtained by financial sponsors in their buyouts. Bain Capital and Carlyle Group LP have made a 3.4 billion euro ($3.8 billion) bid to acquire German lighting firm Osram Licht AG, concluding months of … Bain Capital began the new decade by closing on its seventh fund, Bain Capital Fund VII, with over $3.1 billion of investor commitments. Our people are the core of our competitive advantage—the greatest outcomes come from great teams. Bain Capital Private Equityfounded in Boston, Bain Capital Public Equity founded in Boston, Inception of first U.S.cash flow CollateralizedLoan Obligation (“CLO”)(Great Point 1999-1), Launch of the Credit Opportunities Program ("COPs"), Credit Opportunities I ("COPs I") holds final close, Opening of Shanghai, Tokyo, and Hong Kong Offices, Acquires and assumes management of Katonah Collateralized Loan Obligations ("CLOs"), Credit Opportunities II (“COPs II”) holds final close, Inception of first Euro cash flow Collateralized Loan Obligation (“CLO”) (Nash Point I), Credit Opportunities III (“COPs III”) holds final close, Credit Opportunities IV (“COPs IV”) holds final close, Inception of Bain Capital Senior Loan Fund, LP (“SLF”), Bain Capital Middle Market Credit ("MMC 10") holds final close, Inception of Bain Capital High Income Partnership, LP (“HIP”), Bain Capital Distressed and Special Situations 2013 (“DSS 13”) holds final close, Inception of Senior Direct Lending ("SDL") Strategy, Bain Capital Middle Market Credit 14 (“MMC 14”) holds final close CLO Partners (“CLOPs”) holds final close, Fund 2014 raised $650M Coinvestment Fund I raised $200M, Launch of Bain Capital Senior Loan Fund’s Socially Responsible Investment, LP (“SRI”) sleeve, Bain Capital Direct Lending 2015 holds final close, Acquires and assumes management of Collateralized Loan Obligation (“CLO”) Cavalry II, III, IV, and V, Distressed and Special Situations 16 (“DSS 16”) holds final close, Bain Capital Specialty Finance, Inc., a Business Development Company (BDC), launches, Inception of Bain Capital Structured Credit Fund (“SCF”), Bain Capital Real Estate founded in Boston, Bain Capital Special Situations Asia holds final close, Bain Capital Partnership Strategies commercialized, Bain Capital Tech Opportunities founded in Boston, Bain Capital Special Situations Europe holds final close. The Richard Branson-linked investment fund Cyrus Capital Partners and American buyout group Bain Capital will go head to head in a final race to buy and relaunch Virgin Australia. Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $120 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Bain Capital has … [168] In 2015, Bain Capital hired Deval Patrick, former Massachusetts Governor, to lead the new business division. Mead, which had been experiencing difficulties integrating Ampad's products into its existing product lines, generated a cash gain of $56 million on the sale. The new company, based in the Netherlands, was renamed NXP Semiconductors. [38] However, according to some interviews and press releases during 1999, Romney said he was keeping a part-time function at Bain. [125] That same year, Bain Capital Private Equity acquired D&M Holdings for $442 million. [165] Bain Capital Credit has also pursued distressed debt strategies in Europe. We believe that our people and the shared values we’ve espoused since our founding remain the core of our competitive advantage. This commitment means that for us, success is anchored in the values we aim to live every day. [164], Originally founded as Sankaty Advisors,[163] Bain Capital Credit is the fixed income affiliate of Bain Capital, a manager of high yield debt securities. Bain reported $58.4 million in profits, the employee pension fund had a liability of $44 million. Since 2008, the Bain Capital subsidiary has completed a number of transaction types, including minority ownership, majority ownership, and completely-funded acquisitions. [30] One of Bain's earliest and most notable venture investments was in Staples, Inc., the office supply retailer. Bain and Blackstone narrowly beat out Kohlberg Kravis Roberts and TPG Capital in an auction for the company. [59], Hospital Corporation of America (acquired July 2006), iHeartMedia (acquired July 2008 as Clear Channel Communications), Houghton Mifflin (acquired December 2002), The Weather Channel (invested September 2008), DIC Entertainment (acquired September 2000), Sealy Corporation (acquired November 1997), Burlington Coat Factory (acquired January 2006), This article is about the investment firm. Established in October 1996, Bain Capital Public Equity's primary objective is to invest in securities of publicly traded companies that offer opportunities to realize substantial long-term capital appreciation. [154][177] The Bain Capital Real Estate team is managed by members of Harvard Management Company's former real estate team. Houghton Mifflin and Burger King represented two of the first large club deals, completed since the collapse of the Dot-com bubble.[103]. [56], Romney had two diversions from Bain Capital during the first half of the decade. As of 2018, the firm managed more than $105 billion of investor capital. The South Carolina plant closed in 2003 but subsequently reopened under a different owner. In 1994, Bain, together with Goldman Sachs Capital Partners completed a carveout acquisition of Dade International,[67] the medical diagnostics division of Baxter International in a $440 million acquisition. This has empowered us to deliver an enduring impact to a diverse group of investors including pensions, endowments, foundations and individuals. If you have any questions regarding your account, please contact [email protected].com. [172] It raised its first fund of $720 million in May 2017. [38][77], During his leave of absence, Romney continued to be listed in filings to the U.S. Securities and Exchange Commission[78] as "sole shareholder, sole director, Chief Executive Officer and President". [106], The following year, in 2005, Bain was one of seven private equity firms involved in the buyout of SunGard in a transaction valued at $11.3 billion. [74] Some partners left and founded the Audax Group and Golden Gate Capital. Parent of Dunkin' Donuts Sold For $2.4 Billion to Equity Firms, HCA Buyout Highlights Era of Going Private, "Technology; Royal Philips Sells Unit for $4.4 Billion", KKR in deal to buy Philips Semiconductors, "Home Depot Boosts Buyback, Sets Unit Sale", Bain Capital Agrees to Buy Edgars for 25 Billion Rand, "Bain/Cinven takeover of Stada successful", "Weather Channel Is Sold to NBC and Equity Firms", "Bain acquires Clear Channel Communications", "Bain Capital wins race for Ripplewood audio maker", "Bain Capital to Invest in Chinese Retailer", "Hellman & Friedman to take control of Sweden's Securitas Direct", "Bain Capital to buy 30 perecnt stake in Genpact", "Deals of the day – mergers and acquisitions", "BMC Software Signs Definitive Agreement to be Acquired for $46.25 per Share in Cash", "Bain Capital buys majority stake in parka maker Canada Goose", "Bain Capital takes a $230 million stake in Portland-based Viewpoint Construction Software", "Bain Capital to invest in Branson's Virgin Cruises: Sky News", "Bain Capital to Buy Brick and Concrete Operations From CRH of Ireland", "US private equity firm buys brickmaker Ibstock", "Bain agrees to buy Blue Coat for around $2.4 billion", "Bain Capital Memo Details Management Changes", "This $3.2B company has been sold 5 times over past 21 years", Manager-Magazin.de: Bain Capital und Cinven gelingt Kauf von Stada, "Bugaboo enters next growth phase with new shareholder Bain Capital Private Equity", "Bain Capital acquires stroller brand Bugaboo", "Bain Capital Private Equity Invests in Bugaboo", "Vero sells Tower stake to US private equity Bain Capital for $7.5 million loss", "Bain Capital Takes Majority Stake in IT Consulting Firm Brillio", Virgin Australia bidder Cyrus Capital Partners withdraws, Bain signs purchase deal, "LV in exclusive takeover talks with Bain Capital", "Bain Capital raises $720 million for life sciences fund - The Boston Globe", "Deval Patrick revels in role developing Bain's social impact fund - The Boston Globe", "Bain Capital to assume management of Harvard's $3.4 billion direct real estate portfolio", "Bain seeks to sell Japanese hot spring resort operator for $932m", "Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy", "New Online Marketplace Jet.com Raises $140 Million", "Lime raises $310 million Series D round led by Bain Capital Ventures and others", "LinkedIn Closes Its Round; Got That Billion Dollar Valuation", "Rent the Runway hits a $1 billion valuation", "Email company SendGrid gets $20 million from Bain Capital, Foundry", "SurveyMonkey Announces Group Led by Spectrum Equity to Become Majority Investor", "Bain makes first close for Asia credit fund, raising $557 mln-filing", "Bain Capital Credit buys €1bn Spanish and Portuguese bad loans", "Bain Capital Specialty Finance files for IPO, to list on NYSE", "Deval Patrick joins Bain Capital - CNNPolitics", "Bain Capital's social impact arm eyes nontraditional tech hubs | PitchBook", "Morgan Stanley Capital Partners acquires Impact Fitness from Bain Capital and Bridges", "Bain Capital Sells Boston-Area Life Science Asset for $128M", "Bain sells $450M portfolio in US Research Triangle", "Boston-Based Bain Capital Real Estate Closes $405 Million Sale of 1.3 Million Square Foot Research Triangle Life Science Portfolio", "Harvard to outsource real estate investment to Bain Capital", "Bain Raises $1.5 Billion for Harvard-Backed Debut Property Fund", "Bain Capital is raising a $1 billion tech fund for buyouts and late-stage investments", "Companies’ Ills Did Not Harm Romney’s Firm", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, Turnaround: Crisis, Leadership, and the Olympic Games, https://en.wikipedia.org/w/index.php?title=Bain_Capital&oldid=1003746294, Private equity firms of the United States, Financial services companies established in 1984, Articles with dead external links from June 2020, Articles with permanently dead external links, Short description is different from Wikidata, Articles lacking reliable references from October 2019, Articles with unsourced statements from October 2019, Creative Commons Attribution-ShareAlike License, This page was last edited on 30 January 2021, at 13:40. [14][15] In November 1993, he took a leave of absence for his unsuccessful 1994 run for the U.S. Senate seat from Massachusetts; he returned the day after the election in November 1994. © 2012-2020 Bain Capital, LP. Advertising giant WPP has confirmed the sale of a 60% majority stake in its Kantar business to Bain Capital. For the management consulting company, see, 1999–2002: Romney departure and political legacy, "Growth in Office-Supply 'Supermarkets' Threatens Tough War for Market Share". About Bain Capital Ventures Bain Capital Ventures invests from seed- to growth-stage in fast-growing startups that are leveraging technology to … [72] His separation from the firm was finalized in early 2002. [30] At first, Bain Capital focused on venture capital opportunities. Other notable Bain investments of the late 1990s included Sealy Corporation, the manufacturer of mattresses;[51] Alliance Laundry Systems;[52] Domino's Pizza[53] and Artisan Entertainment. In 2004 Bain acquired the Dollarama chain of dollar stores, based in Montreal, Quebec, Canada and operating stores in the provinces of Eastern Canada for $1.05 billion CAD. In February 2006, Bain purchased an outfit called CRC Health Group for $723 million and proceeded to go on a shopping spree, snapping up nearly 20 new facilities over the next two years. [25] They and other wealthy Latin Americans invested $9 million primarily through offshore companies registered in Panama. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact. Are the unions happy with the decision? [153] In March 2019, it was reported that Bain Capital Double Impact had acquired a majority stake in IT outsourcing firm Rural Sourcing. The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. Bain Capital, the private equity firm branded a "job destroyer" in the US presidential elections, has bought a majority stake in the state-owned blood products firm Plasma Resources UK. Bain Capital Investor Portal Please log in to access your account information. [113] In January 2006, Bain announced the acquisition of Burlington Coat Factory, a discount retailer operating 367 department stores in 42 states, in a $2 billion buyout transaction. In July 2002, Bain together with TPG Capital and Goldman Sachs Capital Partners, announced the high-profile $2.3 billion leveraged buyout of Burger King from Diageo. After the competition, Bill Bain grew increasingly frustrated by the wait for Henderson's retirement, the fi… [115] In June 2007, Bain agreed to acquire HD Supply, the wholesale construction supply business of Home Depot for $10.3 billion. In particular, Uniview has been known to many in the West for its uncommon ownership by American investment firm Bain. Now Bain Capital (yes, the company that clean-living Mitt Romney used to run) is trying to consolidate an unlikely industry: addiction treatment centers. Since our founding, Bain Capital has remained highly aligned to our limited partners and grown to become one of the world’s largest private, multi-asset investing firms. In another case, Romney’s Bain Capital invested $60 million in GS International in 1993, securing $65 million in profits before the company went bankrupt in 2002 and laid off 750 American … Bain Capital Private Equity is planning to acquire Varsity Brands, a company that capitalizes on the business of school spirit, in a deal reportedly worth about $2.5 billion. CNBC earlier reported that Bain Capital would buy the cheerleading company for $2.5 billion. After its acquisition of the Fedrigoni group, the London investment company will in fact add another Italian paper company to its own portfolio. Romney retired from Bain to help manage the Olympics in 1999. [38] Other partners threatened to leave, and there was a prospect of eight-figure lawsuits being filed. [141] In March 2017, Bain Capital Private Equity agreed to acquire industrial cleaning company Diversey for $3.2 billion. We are personally invested in each other’s success. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. Since commencing investment operations on October 13, 2016, and through … [29] The partners saw weak spots in so many potential deals that by 1986, very few had been done. The new owner wants the 126-year-old … 1. KKR, Bain Capital, and Vornado Realty Trust, financial firms run by billionaires, pushed Toys "R" Us into bankruptcy protection in Virginia this week, abandoning any … We prize personal integrity and humility.
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