Bain Capital Offices

Bain Capital Offices

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Boston

Boston

John Hancock Tower
200 Clarendon Street, Boston, MA 02116 United States

P:+1 (617) 516-2000 F:+1 (617) 516-2010

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New York

A New York

590 Madison Avenue
42nd Floor, New York, NY 10022 United States

P:+1 (212) 326-9420 F:+1 (212) 421-2225

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B New York Bain Capital Ventures
Bain Capital Ventures

632 Broadway, New York, NY 10012 United States

P:+1 (212) 822-2900 F:+1 (646) 439-9100

London

London

Devonshire House
Mayfair Place, London, W1J 8AJ United Kingdom

P:+44 20 7514 5252 F:+44 20 7514 5250

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Munich

Munich
Bain Capital Beteiligungsberatung GmbH

Maximilianstrasse 11, 80539 Muenchen, Germany

P:+49-89244410700 F:+49-89244410731

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Mumbai

Mumbai
Bain Capital Advisors (India) Private Limited

2nd Floor, Free Press House
Nariman Point, , Mumbai 400 021 India

P:+91-2267528000 F:+91-2267528010

Hong Kong

Hong Kong
Bain Capital Asia, LLC

51/F Cheung Kong Center
2 Queen's Road Central, Hong Kong, Hong Kong S.A.R., China

P:+852-36566800 F:+852-36566801

Shanghai

Shanghai
Bain Capital Advisors (China) Ltd.

46/F Two IFC
8 Century Boulevard, Shanghai, 200120 China

P:+86-2161632000 F:+86-2161632088

Tokyo

Tokyo
Bain Capital Asia, LLC

5F, Palace Building
1-1-1 Marunouchi, Chiyoda-ku, Tokyo 100-0005 Japan

P:+81-362127070 F:+81-362127071

Palo Alto

Palo Alto

335 Bryant Street, Palo Alto, CA 94301 United States

P:+1 (650) 798-2500 F:+1 (650) 798-2501

Chicago

Chicago
Sankaty Advisors Illinois, LLC

1603 Orrington Avenue
Suite 815, Evanston, IL 60201 United States

P:+1 (847) 563-5330 F:+1 (847) 563-5331

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Luxembourg

A Luxembourg
Bain Capital Luxembourg S.à.r.l.

4 rue Lou Hemmer, L-1748 Luxembourg, Luxembourg

P:+352-2678601 F:+352-26786060

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B Sankaty European Investments, S.á.r.l.
Sankaty European Holdings, S.á.r.l.

4 rue Lou Hemmer, L-1748 Luxembourg, Luxembourg

P:+352-267866 F:+352-26786651

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Melbourne

Melbourne
Sankaty Advisors (Australia), Pty. Ltd.

Level 20, 101 Collins Street, Melbourne, VIC 3000 Australia

P:+61 3 8102 8600 F:+61 3 9014 6930

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  • Bain Capital Private Equity
    • Bain Capital Private Equity

      Bain Capital Private Equity pioneered the value added investment approach. We partner with management teams to provide strategic resources that build and grow great companies. We have made over 260 investments generating industry leading returns for many leading endowments, foundations, pension funds and individuals.

      »Visit the Bain Private Equity Site
  • Brookside Capital
    • Brookside Capital

      Brookside Capital is the global long/short public equity affiliate of Bain Capital. We employ a fundamental investment approach with a team of industry-focused professionals to identify opportunities that offer capital appreciation over a multi-year time horizon.

      »Visit the Brookside Capital Site
  • Sankaty Advisors
    • Sankaty Advisors

      Sankaty Advisors, the credit affiliate of Bain Capital, LLC, is one of the nation's leading managers of high-yield corporate credit obligations. With approximately $22.3 billion in committed capital, we invest in a wide variety of instruments, including leveraged loans, high-yield bonds, stressed debt, distressed debt, mezzanine debt, structured products and equity investments.

      »Visit the Sankaty Advisors Site
  • Bain Capital Ventures
    • Bain Capital Ventures

      Bain Capital Ventures is the venture capital affiliate of Bain Capital. We focus on seed through late-stage growth investments in business services, software, digital media / mobile / ecommerce, and healthcare IT and services companies. Bain Capital Ventures has made over 100 investments since our launch in 2000.

      »Visit the Bain Capital Ventures Site
  • Absolute Return Capital
    • Absolute Return Capital

      Absolute Return Capital (ARC) is the absolute return affiliate of Bain Capital. The team manages assets in fixed income, equity, commodity and currency markets to produce attractive risk-adjusted returns while maintaining low correlation to traditional investments.

      »Visit the Absolute Return Capital Site

Newsroom Bain buys into Bob’s Discount Furniture

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News
Date: 
December 31, 2013

Boston private equity firm Bain Capital has agreed to buy a majority stake in Bob’s Discount Furniture, the retailer known for television commercials featuring founder Bob Kaufman and his “no gimmick” sales pledge on merchandise like the Bob-O-Pedic mattress.
 
Bain will purchase a controlling interest of the Manchester, Conn., discount furniture business from another private equity firm for about $350 million, according to people with knowledge of the negotiations. Bain said Monday that it agreed to purchase the 47-store company with plans to expand its business into new markets.
 
The private equity firm has developed deep retail experience by purchasing many well-known companies. Now, it will take over a furniture chain that has bombarded television screens with quirky ads for more than 20 years.
 
“Bain’s been investing in the retail business for decades,” said Ted English, chief executive of Bob’s Discount Furniture. “Their expertise coupled with our expertise will make a great marriage as we look to grow the business and take it to new places.”
 
Bob’s Discount Furniture has grown by about two stores a years since Kaufman, a former waterbed salesman, and his cousin, Gene Rosenberg, opened the first company store in Newington, Conn., in 1991. Today, the company operates in nine states and plans to open three new stores in the Philadelphia area in February.
 
Furniture Today, an industry trade publication, ranked the chain number 16 among the nation’s top 100 furniture stores based on 2012 sales. The publication estimated that Bob’s pulled in sales of $685.3 million last year, up 7.3 percent from the previous year.
 
But Bain, a firm known for growing companies in its portfolio, believes there’s potential to make Bob’s an even bigger player in the discount furniture market.
 
“We think there’s a real opportunity to grow this business substantially,” said Tricia Patrick, a principal at Bain Capital. “We believe in Bob’s Discount Furniture’s business model, focused on providing great value to customers and a positive shopping experience.”
 
Patrick said the continued recovery in the furniture and housing markets also made Bob’s an attractive acquisition.
 
The investment firm intends to retain English as chief executive and continue to use Kaufman as the face of the business.
 
Bain has previously invested in retailers such as Michaels Stores Inc., Dunkin’ Brands Group, and Burlington Stores Inc., operator of Burlington Coat Factory. Earlier this month, the firm agreed to acquire Canada Goose, a Toronto-based clothing company.
 
Bain invested in the home furnishing business in 2011 with International Market Centers, which operates showrooms for the furnishings, home décor, and gift industries.