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 fund, an innovative strategy at the time.

Related Topics:
Boston - Massachusetts - Private equity - 1984 - Mitt Romney - Governor of Massachusetts - Bain & Company - Consulting firm - Eric Kriss - Leveraged buyout - Fund

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The original $37 million fund was raised entirely from private individuals in mid-1984, led by Ricard Poma, the El Salvadorian billionaire. One of the fund's first start-up investments was Staples, Inc., the $15 billion office supply retailer.

Related Topics:
El Salvador - Staples, Inc. - Office supply - Retailer

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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.

Related Topics:
Chief Operating Officer - 2002 Olympic Winter Games

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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.

Related Topics:
Toys R Us - Burger King - Unisource

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In September 2002, Bain Capital partner Steve Pagliuca led a private buyout of the Boston Celtics.

Related Topics:
September - 2002 - Boston Celtics

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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 CDN.

Related Topics:
November - 2004 - Dollarama - Dollar stores - Montreal - Canada - Eastern Canada - CDN

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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.

Related Topics:
March - 2005 - National Hockey League - June

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In June 2005, Bain teamed up with Haier Group, China's largest appliance maker, and private equity firm Blackstone in an attempt to acquire Maytag for over $1 billion. The bid was dropped a month later.

Related Topics:
June - 2005 - Maytag

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