Bain Capital
| Bain Capital, LP
|
|
|---|---|
 |
|
| legal form | Limited Liability Company |
| founding | 1984 |
| Seat |
Boston , Massachusetts United States
|
| management |
|
| Number of employees | 1,000+ (2018) |
| Branch | Financial services |
| Website | baincapital.com |
| As of December 3, 2018 | |
Bain Capital LP is a US private equity firm based in Boston John Hancock Tower and assets under management of 105 billion US dollars (as of 2018).
history
The company was co-founded in 1984 by US politician and presidential candidate (2012) Mitt Romney . In addition to Romney, two partners of the US company Bain & Company were involved in the founding : T. Coleman Andrews III. and Eric Kriss . Romney himself was Vice President of Bain & Company for several years before founding Bain Capital . The company was initially designed as a debt-financed takeover fund. In the early years this fund was financed by private individuals under the leadership of Ricardo Poma , a businessman from El Salvador .
Bain Capital initially invested in Staples, Inc., among others . In the years that followed, Bain invested in or acquired many different companies, such as Bright Horizons Family Solutions, Brookstone, Domino's Pizza , Sealy, Guitar Center, The Sports Authority and the German company Jack Wolfskin .
In 2002, Bain Capital opened an office on Maximilianstrasse (Munich) .
In 2016, Bain Capital launched a $ 600 million fund for startups in the technology sector.
Holdings
As of March 2017:
| Companies | activity | Year of purchase |
|---|---|---|
| Acadia Healthcare Company | health | 2015 |
| Apex Tool Group | Tool | 2013 |
| Apple Leisure Group | Tour operator | 2012 |
| Asia Pacific Medical Group | health | 2016 |
| Asimco | Auto supplier | 2010 |
| Atento | Call Center (Latin America) | 2012 |
| Autodistribution | Auto parts dealer | 2015 |
| Beacon Health Options | health | 2014 |
| Bellsystem24 | Call Center (Japan) | 2009 |
| BigTex & American Trailer Works | Vehicle builder | 2015 |
| Blackhawk Specialty Tools | Oilfield equipment | 2013 |
| Blue Nile | Jewelry dealer | 2017 |
| BMC software | software | 2013 |
| Bob's Discount Furniture | Furniture and furnishings markets | 2014 |
| Bombardier Recreational Products | Snowmobiles, jet skis, Rotax engines | 2003 |
| Bravida | Electrical installations (Scandinavia) | 2012 |
| Bright Horizons | childcare | 1987 |
| Camp Australia | Pupil care | 2017 |
| Canada Goose | Clothing brand | 2013 |
| Carver | Cosmetics | 2016 |
| China Fire and Security Group | Fire alarms and extinguishers | 2011 |
| ChinaPnR | Financial services | 2015 |
| Consolidated Container Company | HDPE bottles | 2012 |
| Concardis | Financial service providers | 2017 |
| Denon & Marantz | Consumer electronics | 2012 |
| Domino's Pizza Japan | Franchisor | 2010 |
| Edcon | Textile chain (South Africa) | 2007 |
| Emcure | Pharma | 2014 |
| FTE automotive | Auto supplier (clutch actuation) | 2013 |
| Genpact | Business process outsourcing | 2012 |
| Grupo NotreDame Intermédica | Health (Brazil) | 2014 |
| Guitar Center | Music stores | 2007 |
| Gymboree Corporation | Children's clothing | 2010 |
| Himadri | Hard coal distillation (India) | 2010 |
| Ibstock plc | Building materials (bricks) | 2015 |
| Ideal standard | Kitchen and bathroom products | 2007 |
| iHeartMedia (formerly Clear Channel Communications ) | radio | 2008 |
| Innocor | Facility | 2017 |
| Integer | health | 2015 |
| International Market Centers | showroom space | 2010 |
| Japan Wind Development | Wind power developer | 2015 |
| Kestra Medical Technologies | health | 2014 |
| L&T Finance Holdings | Bank (India) | 2015 |
| Lionbridge Capital | Leasing (China) | 2014 |
| Macromill | Market Research (Japan) | 2014 |
| Maisons du Monde | Furniture and furnishings markets | 2013 |
| Mercury | Financial and economic services | 2015 |
| Michaels | Craft markets | 2006 |
| MSX International | Industrial service provider | 2017 |
| MYOB | ERP software (Australia) | 2011 |
| navicure | Accounting software | 2016 |
| Nets | Payment services (Scandinavia) | 2014 |
| Nova Austral | Salmon farms | 2013 |
| Only About Children | childcare | 2016 |
| Ooedo Onsen | Hot spring operators | 2015 |
| QuEST Global | Industrial service | 2016 |
| Quintiles | Pharma sales force | 2007 |
| QuVa Pharma | Pharma | 2015 |
| Retail zoo | Franchisor (Australia) | 2014 |
| Rise | Children's English Schools (China) | 2013 |
| Skylark | Restaurant chain | 2011 |
| SquareTrade | Extended warranty periods | 2012 |
| Stada Medicines | Pharma | 2017 |
| Sundial Brands | Consumer goods | 2015 |
| Sungard | software | 2005 |
| Symantec | privacy | 2016 |
| The Weather Company | Weather forecasts | 2008 |
| TI Automotive | Auto supplier | 2015 |
| TOMS | brand | 2014 |
| Toys "R" Us | toy | 2005 |
| Uniview | Video surveillance (China) | 2011 |
| Veritive | Paper trade (USA) | 2002 |
| Vertafore | Insurance software | 2016 |
| Viewpoint Construction Software | ERP software for the construction industry | 2014 |
| Wittur | Elevator parts | 2015 |
| WorldPay | Payment services | 2010 |
| Yukiguni Maitake | Mushroom growing (Japan) | 2015 |
criticism
Bain Capital is accused of exploiting various companies and causing them to go bankrupt:
GS Technologies, a Kansas City steel mill, had been in operation since 1888. In 1993, Bain took over a majority stake, and barely ten years later the company was bankrupt. 750 people lost their jobs at the time, according to a report by the US TV station MSNBC. Bain, on the other hand, benefited from the deal: the company earned twelve million dollars, but previously only invested eight million dollars. In addition, Bain apparently raked in at least $ 4.5 million in consultancy fees.
American Pad & Paper was bought by Bain Capital in 1992. In 1999, two of the company's factories closed, 385 jobs lost, and the company was $ 392 million in debt. In 2000 the company declared bankruptcy. The Boston Globe reported that Bain made $ 100 million in Ampad - including tens of million in management fees - and had only invested $ 5 million himself.
Bain Capital and Goldman Sachs bought Dade International in 1994 for around $ 450 million. Around 900 jobs were deleted or outsourced. Another 1,000 workers were laid off over the next several years; the company's credit debt quadrupled. In 2002 the company declared bankruptcy.
In 1997, Bain Capital bought LIVE Entertainment for $ 150 million. Every fourth of the 166 employees was subsequently laid off. Bain Capital made $ 578 million in profits from Stage Stores, American Pad & Paper, GS Industries, Dade, and Details, all five of which went bankrupt a short time later.
Web links
Individual evidence
- ↑ People . In: Bain Capital . Retrieved December 3, 2018.
- ↑ a b About Us . In: Bain Capital . Retrieved December 3, 2018.
- ↑ Bain Capital Ventures raises $ 600 million for technology startups - The Economic Times. Retrieved September 22, 2016 .
- ↑ Investments | Bain Capital Private Equity. Retrieved March 7, 2017 .
- ^ Süddeutsche Zeitung: US area code for the Republicans in New Hampshire
- ↑ Reuters 2012 http://www.reuters.com/article/2012/01/06/us-campaign-romney-bailout-idUSTRE8050LL20120106
- ↑ abcnews [1]
- ↑ Washington Post [2]
- ↑ New York Times, 2011 [3]
- ↑ Washington Post Blogs, 2011 [4]
- ↑ Washington Post Blogs, 2011 [5]
- ↑ Democratic Underground Blog [6]