[9] [10], Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss, after Bill Bain had offered Romney the chance to head a new venture that would invest in companies and apply Bain's consulting techniques to improve operations. [45] The assets were acquired in 2003 by Crescent Investments.

[20] [21] [22] [23] Bain partners put in $12 million of their own money and sourced the rest from wealthy individuals. 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. [86] Romney was the first and last CEO of Bain Capital; since his departure became final, it has continued to be run by management committee. [125] That same year, Bain Capital Private Equity acquired D&M Holdings for $442 million. That business we started with 10 people has now grown into a great American success story. Bain and Goldman lost their remaining stock in the company as part of the bankruptcy. Following its restructuring, Dade Behring emerged from Bankruptcy in 2003 and continued to operate independently until 2007 when the business was acquired by Siemens Medical Solutions. Romney initially had the titles of president[13] and managing general partner[14][15] or managing partner.

Our teams strive to create value through private equity, public equity, fixed income, credit and venture capital and real estate investments across multiple sectors, industries, and geographies.

Also, at the time of its announcement, SunGard would be the largest buyout of a technology company in history, a distinction it would cede to the buyout of Freescale Semiconductor. [133] In May 2013, Bain Capital Private Equity partnered with investment firms Golden Gate Capital, GIC Private Limited, and Insight Venture Partners to purchase BMC Software for roughly $6.9 billion. [49] The company was sold to Great Universal Stores for $1.7 billion just months after being acquired. [182] In at least some instances, companies acquired by Bain borrowed money in order to increase their dividend payments, ultimately leading to the collapse of what had been financially stable businesses. At the time of its announcement, the HCA buyout was the first of several to set new records for the largest buyout, eclipsing the 1989 buyout of RJR Nabisco. TPG Capital, previously known as Texas Pacific Group, is an American investment company.

[141] In March 2017, Bain Capital Private Equity agreed to acquire industrial cleaning company Diversey for $3.2 billion. In 2017, Bain Capital Credit closed its first credit fund in Asia, focusing on distressed debt in the region. It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. [2], The firm was founded in 1984 by partners from the consulting firm Bain & Company. You will not find a smarter, higher-integrity, harder-working group of professionals. The company provides both debt and equity capital to small and mid-sized companies. This page was last edited on 9 May 2018, at 23:46. [5], Bain Capital is headquartered at 200 Clarendon Street in Boston, Massachusetts with offices in North America, Europe, Asia, and Australia.

[172] It raised its first fund of $720 million in May 2017. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. At that time, Romney entered the management consulting industry, and in 1977 secured a position at Bain & Company. 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. [56], Romney had two diversions from Bain Capital during the first half of the decade. [20] [23] [30] Another very successful investment occurred in 1986 when $1 million was invested in medical equipment maker Calumet Coach, which eventually returned $34 million. In August 2003, Bain acquired a 50% interest in Bombardier Inc.'s recreational products division, along with the Bombardier family and the Caisse de dépôt et placement du Québec, and created Bombardier Recreational Products or BRP.

[96] Datek was acquired by TD Ameritrade in 2002. Horizontal variant. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks. [82] Bain Capital Fund VI in 1998 was the last one Romney was involved in; investors were worried that with Romney gone, the firm would have trouble raising money for Bain Capital Fund VII in 2000, but in practice the $2.5 billion was raised without much trouble. [31] The fast-growing retail chain went public in 1989; [32] by 1996, the company had grown to over 1,100 stores, [33] and as of fiscal year-end January 2012, Staples reached over $20 billion in sales, nearly $1.0B in net income, 87,000 employees, and 2,295 stores.

[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". [9][10], 1997 kaufte Bain Capital für 150 Millionen Dollar LIVE Entertainment. [22] They also included members of elite Salvadoran families who fled the country's civil war. [16] He later became referred to as managing director[17] or CEO[18] as well. [13], "Bain Capital Ventures Raises $850 Million In Two New Funds", Apparent Networks Obtains Expansion Capital Investment From Leading Venture Firms, "Booker Raises $27.5 Million Led by Bain Capital Ventures. Im Verlauf der nächsten Jahre wurden weitere 1.000 Arbeiter entlassen; die Kreditschuld des Unternehmens vervierfachte sich. [127] In 2010, the company acquired Styron, a division of The Dow Chemical Company, for $1.6 billion,[128] and also acquired Gymboree for $1.8 billion. The business career of Mitt Romney began shortly after he finished graduate school in 1975. In late 2011, Bain Capital moved its headquarters to the John Hancock Tower (now 200 Clarendon Street) in Boston, Massachusetts.Bain occupies 210,000 sq. In August 2003, Bain acquired a 50% interest in Bombardier Inc.'s recreational products division, along with the Bombardier family and the Caisse de dépôt et placement du Québec, and created Bombardier Recreational Products or BRP. [174][175], Bain Capital Real Estate was founded in 2018[176] when Harvard Management Company shifted the management of its real estate investment portfolio to Bain Capital. In December 2002, Bain and its co-investors agreed on a reduced $1.5 billion purchase price for the investment. [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. [22] They also included members of elite Salvadoran families who fled the country's civil war. Bain Capital machte durch die Unternehmen Stage Stores, American Pad & Paper, GS Industries, Dade, and Details einen Profit von 578 Millionen US-Dollar, alle fünf Unternehmen gingen kurze Zeit später bankrott.[12]. Bain Capital LLC (sim. ", "Bain & Co. plans major layoffs, Boston staff hardest hit", "Bain Names Chief Executive And Begins a Reorganization", "They're trying to sell volunteerism up the river", "Romney's Record Defies Image as Job-Creator", "Romney's Fortunes Tied to Business Riches", "Bain Capital started with help of offshore investors", "The roots of Bain Capital in El Salvador's civil war", Big Consultants Woo Employees by Offering a Piece of the Action, "Romney's Presidential Run Puts Spotlight on Bain Capital", "The Making of Mitt Romney: Part 3: Reaping profit in study, sweat", Securities & Exchange Commission: January 2012 10-K for Staples Inc, "After a Romney Deal, Profits and Then Layoffs", "When Did Romney Step Back From Bain? [129] In 2011, the company, together with Hellman & Friedman, acquired Securitas Direct AB. [8], Bain Capital und Goldman Sachs kauften 1994 Dade International für rund 450 Millionen Dollar. [30] One of Bain's earliest and most notable venture investments was in Staples, Inc., the office supply retailer. Another of my partners got the Episcopal Church pension fund to invest. Bain habe dagegen von dem Geschäft profitiert: Zwölf Millionen Dollar habe die Firma erlöst, zuvor allerdings nur acht Millionen Dollar investiert. [21] [71] It had made between 100 and 150 deals where it acquired and then sold a company. [179], Bain Capital's approach of applying consulting expertise to the companies it invested in became widely copied within the private equity industry. Bain Capital Logo.jpg 792 × 399; 40 KB. Etwa 900 Stellen wurden gestrichen oder ausgelagert. [151] The firm also has specialized businesses focused on impact investing, life sciences and real estate. Alla fine del 2011, Bain Capital impiegava circa 400 professionisti, molti dei quali con precedente esperienza come consulenti o operatori finanziari.[2]. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate.

[38], Beginning in 1989, the firm, which began as a venture capital source investing in start-up companies, adjusted its strategy to focus on leveraged buyouts and growth capital investments in more mature companies. [16] He later became referred to as managing director [17] or CEO [18] as well. History Talk (0) Share. [68] Aventis, the successor of Hoechst, acquired 52% of the combined company. The firm has completed more than 280 private equity investments in portfolio companies with approximately $545 billion of total enterprise value as of June 30, 2017.



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