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 Why Bain Capital loves investing in Canada

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News
Date: 
Thursday, February 27, 2014
Author: 
Jacqueline Nelson
By targeting the country’s household names, the Boston-based private equity firm taps into what investors call a “scarcity premium” – a unique business that can command a better valuation. Past Bain conquests in this country have included three retailers that are at or near the top in their categories: Shoppers Drug Mart Corp., mattress retailer Sleep Country Canada Inc. and discount merchandiser Dollarama Inc.
 
In 2013, Bain struck Canada again. The firm beat out nearly a dozen others to acquire a majority stake in Canada Goose, maker of high-end parkas worn by scientists operating in extreme cold and fashion-conscious city folk. The deal terms were not disclosed, but estimates pegged the value of the company at least $250-million.
 
Bain also took public BRP Inc., formerly Bombardier Inc.’s recreational products division. The Valcourt, Que.-based maker of the Ski-Doo and Sea-Doo went to market last May in an initial public offering that raised $262.3-million. The stock is up about 33 per cent since then, and both Bain and co-investor Caisse de dépôt et placement du Québec have begun to sell down their stakes.
 
“We like great companies with strong brands, a great consumer proposition and strong management teams who are looking for partners who can help them grow and expand – whether that’s into new markets, new product categories or other strategies,” said Josh Bekenstein, a managing director with Bain Capital who has led the firm’s efforts on a number of Canadian investments, including BRP.
 
In the 30 years since it was founded, Bain has grown into a private equity powerhouse with 15 funds run from eight offices on three continents.
 
When Bain made its pitch for Canada Goose, the company’s chief executive officer, Dani Reiss, wanted to make sure the fur-lined coats would continue to be made in Canada. He needn’t have worried. Companies with strong Canadian identities that can stand the test of time have major appeal to private equity players such as Bain and Kohlberg Kravis Roberts and Co.
 
Indeed, Bain’s $850-million (U.S.) equity investment for 80 per cent of Dollarama a decade ago is still one of its most notable successes in Canada. The firm took the dollar-store chain public in 2009 in an IPO that raised $300-million (Canadian) for about 25 per cent of the company.
 
By the time Bain sold the last of its stake two years later, Dollarama shares had climbed by 70 per cent.
 
“The pitch to Canadian companies used to be ‘You have to go public in the U.S. because that’s where all the comparable [companies] are,’ ” said Geoff Belsher, group co-head of wholesale banking at CIBC. But that has changed in recent years as a ‘scarcity premium’ has been applied to some market-leading companies in Canada, he said.
 
But there’s more to Bain’s attraction to Canada than just good brand names. The firm sees the country as a stable and predictable environment to do business. “Canada is a good place to invest given its solid economy, many strong businesses, reasonable regulatory environment, and discerning consumers,” said Mr. Bekenstein.
 
Bain Capital won Canada Goose primarily because its valuation of the company was favourable, but there were other reasons the two companies were a good fit, said David Kassie, chairman of Canaccord Genuity, who advised Canada Goose on the deal. The jacket maker was looking for an investor that could help the brand grow internationally while maintaining its Canadian identity, and Bain Capital’s culture seemed like a good fit with it management team, Mr. Kassie said.
 
Mr. Kassie, the former chief executive of CIBC’s corporate and investment banking unit, has worked with Bain on other deals, such as Shoppers Drug Mart. He characterizes Bain as “very analytical” in its investments, compared to its competitors.