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Encyclopedia > Bain Capital

Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the late Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. Bain Capital was originally conceived as a combined equity start-up and leveraged buyout fund, an innovative strategy at the time. A limited liability company (denoted by L.L.C. or LLC) is a legal form of business company in the United States (and also in United Arab Emirates) offering limited liability to its owners. ... Nickname: City on the Hill, Beantown, The Hub (of the Universe)1, Athens of America, The Cradle of Revolution, Puritan City, Americas Walking City Location in Massachusetts, USA Counties Suffolk County Mayor Thomas M. Menino(D) Area    - City 232. ... This article is about the U.S. State. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... 1984 (MCMLXXXIV) was a leap year starting on Sunday of the Gregorian calendar. ... Willard Mitt Romney (born March 12, 1947, usually known as Mitt), is the former 70th Governor of the Commonwealth of Massachusetts, elected in 2002. ... The Governor of the Commonwealth of Massachusetts is the executive magistrate of the Commonwealth of Massachusetts. ... Management consulting (sometimes also called strategy consulting) refers to both the practice of helping companies to improve performance through analysis of existing business problems and development of future plans, as well as to the firms that specialize in this sort of consulting. ... Bain & Company is a management consulting firm, headquartered in Boston, MA, recognized as one of the leading firms in the consulting industry, along with McKinsey & Company and Boston Consulting Group. ... This article is being considered for deletion in accordance with Wikipedias deletion policy. ... A leveraged buyout (or LBO, or highly-leveraged transaction (HLT), or bootstrap transaction) occurs when a financial sponsor gains control of a majority of a target companys equity through the use of borrowed money or debt. ... Funding or financing is to provide capital (funds), which means money for a project, a person, a business or any other private or public institutions. ...

Contents

History

The original $37 million fund was raised entirely from private individuals in mid-1984, led by Ricardo Poma, the El Salvadoran billionaire. One of the fund's first start-up investments was Staples, Inc., the $15 billion office supply retailer. The funding enabled Staples to expand from one store in 1986 to nearly 1,700 in 2006. Bain Capital founded, acquired or invested in hundreds of companies including Bright Horizons Family Solutions, Brookstone, Domino's, Sealy and The Sports Authority. Ricardo Poma (b. ... This article is about the country in Central America. ... Staples, Inc. ... Office Supply is a New Wave band consisting of three members. ... A drawing of a self-service store Retailing consists of the sale of goods/merchandise for personal or household consumption either from a fixed location such as a department store or kiosk, or away from a fixed location and related subordinated services (Definition of the WTO (last page). ... Dominos Pizza is an international pizza delivery franchise and fast-food restaurant chain headquartered in Ann Arbor, Michigan, United States. ... Sealy Corporation (NYSE: ZZ) is a major mattress manufacturer. ...


In addition to the three founding partners, the early Bain Capital team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch and Geoffrey S. Rehnert. Bullock joined Romney as the Chief Operating Officer for the 2002 Olympic Winter Games when Romney left Bain in 2001 to lead the Salt Lake City Winter Olympics. [1][2] Mr. ... A Chief Operating Officer (COO) is a corporate officer responsible for managing the day-to-day activities of the corporation. ... (Redirected from 2002 Olympic Winter Games) The XIX Olympic Winter Games were held in 2002 in Salt Lake City, Utah, United States. ...


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. Toys Я Us NYSE: TOY is a toy store chain based in the United States. ... Burger King (often abbreviated to BK) is a large international chain of fast food restaurants, predominantly selling burgers, french fries, soft drinks, desserts, and various sandwiches. ... Unisource Worldwide is a Norcross, Georgia based distributor of fine paper, packaging and facility supplies. ...


Key deals

In September 2002, Bain Capital partner Steve Pagliuca led a private buyout of the Boston Celtics. For album titles with the same name, see 2002 (album). ... This article or section does not cite any references or sources. ...


In August 2003, Bain Capital along with the Bombardier family and the Caisse de dépôt et de placement du Québec purchased Bombardier's recreational products division and created Bombardier Recreational Products or BRP. Bain Capital took a 50% interest in the new company.


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 CAD. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Dollarama is a franchise retail chain of over 300 dollar stores across Canada. ... A 99 cent store A dollar store is a store that sells inexpensive items for one dollar or less each. ... Nickname: Motto: Concordia Salus (salvation through harmony) Coordinates: Country Canada Province Quebec Founded 1642 Established 1832 Government  - Mayor Gérald Tremblay Area [1][2][3]  - City 365. ... Eastern Canada, defined politically. ... ISO 4217 Code CAD User(s) Canada Inflation 2. ...


In March 2005, Pagliuca proposed a $3.5 billion buyout of all 30 teams in the National Hockey League, during the league's lockout. The offer was 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. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... “NHL” redirects here. ...


In June 2005, Bain teamed up with Haier Group, China's largest appliance maker, and private equity firm Blackstone Group in an attempt to acquire Maytag for over $1 billion. The bid was dropped a month later. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Haier (Chinese: ; pinyin: ) is a producer of household appliances (white goods), including air conditioners, laptops, refrigerators, etc. ... The Blackstone Group L.P. is a prominent private equity and management investment firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. ... Former Headquarters of the Maytag Corporation, Newton, Iowa Maytag Corporation was a $4. ...


On April 10, 2006, shareholders of Burlington Coat Factory Warehouse Corp., which operates more than 360 retail stores approved the acquisition of the company by Bain Capital. April 10 is the 100th day of the year in the Gregorian calendar (101st in leap years). ... For the Manfred Mann album, see 2006 (album). ... Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 360 stores in 42 states (as of 2006). ...


On August 21, 2006 it was announced that Apax Partners and Bain Capital had joined the enlarged private equity consortium headed by KKR that has agreed to acquire an 80.1% stake in the Semiconductor Division of Royal Philips Electronics. The new company is called NXP Semiconductors. August 21 is the 233rd day of the year (234th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... Apax Partners is a private equity and venture capital firm which operates in the United Kingdom, United States, Europe, and Israel. ... Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late stage leveraged buyouts. ... Philips HQ in Amsterdam Koninklijke Philips Electronics N.V. (Royal Philips Electronics N.V.), usually known as Philips, (Euronext: PHIA, NYSE: PHG) is one of the largest electronics companies in the world. ... For other uses of NXP, see NXP (disambiguation). ...


On November 16, 2006, Clear Channel Communications agreed to be acquired by Bain Capital and Thomas Lee Partners for nearly $19 billion.[3] November 16 is the 320th day of the year (321st in leap years) in the Gregorian calendar, with 45 days remaining. ... For the Manfred Mann album, see 2006 (album). ... Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. ...


Affiliates

Bain Capital's family of funds includes private equity, venture capital, public equity and leveraged debt assets.
Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... Venture capital is a general term to describe financing for startup and early stage businesses as well as businesses in turn around situations. ...


Absolute Return Capital (ARC) is the global macro affiliate of Bain Capital managing approximately $600 million of capital. ARC manages assets in fixed income, equity and commodity markets to produce attractive risk-adjusted returns while maintaining low correlation to traditional investments.
The term global macro is used to classify the strategy of certain hedge funds -- those that take large leveraged positions in financial derivatives, on the basis of forecasts about interest rate trends, movements in the general flow of funds, political changes, government policies, inter-government relations, and other broad systemic...


Bain Capital Private Equity has raised eight funds and invested in more than 200 companies. The private equity activity includes leveraged buyouts and growth capital in a wide variety of industries.
A leveraged buyout (or LBO) occurs when a financial sponsor gains control of a majority of a target companys equity through the use of borrowed money or debt. ...


Bain Capital (Europe) Limited, an affiliate of Bain Capital, LLC, is dedicated to investment opportunities in the European market. Based in London and Munich, and building off Bain Capital's successful European investment track record since 1987.
This article is about the capital of England and the United Kingdom. ... Munich (German: , pronounced  ; Austro-Bavarian: Minga [1]) is the capital of the German Federal State of Bavaria. ...


Bain Capital Ventures is the venture capital arm of Bain Capital, focused on seed through late-stage growth equity investing in software, hardware, information, healthcare, and technology-driven business services companies.


Brookside Capital is the public equity affiliate of Bain Capital. Brookside's primary objective is to invest in securities of publicly traded companies that offer opportunities to realize substantial long-term capital appreciation.
This article or section does not cite its references or sources. ...


Sankaty Advisors, the fixed income affiliate of Bain Capital, is one of the nation's leading private managers of high yield debt obligations. With over $17 billion of committed capital, Sankaty invests in a wide variety of securities, including leveraged loans, high-yield bonds, distressed debt, mezzanine debt, convertible bonds, structured products and equity investments. Sankaty Advisors Website * Website -
This article or section does not adequately cite its references or sources. ... High yield debt (non-investment grade or junk bond) is a business term referring to a corporate debt instrument, usually a bond, that has a higher yield (compared to investment grade debt) because of a high perceived credit risk (default risk). ... High yield debt (non-investment grade or junk bond) is a business term referring to a corporate debt instrument, usually a bond, that has a higher yield (compared to investment grade debt) because of a high perceived credit risk (default risk). ... Mezzanine capital (or mezzanine debt) is a broad financial term that refers to unsecured, high-yield, subordinated debt or preferred stock that represents a claim on a companys assets that is only senior to that of a companys shareholders. ... A convertible bond is type of bond that can be converted into shares of stock in the issuing company, usually at some pre-announced ratio. ... Structured products are synthetic investment instruments specially created to meet the needs that cannot be met from the cash financial instruments available in the markets. ... Equity investment generally refers to the buying and holding of shares of stock on a stock market by individuals and funds in anticipation of income from dividends and capital gain as the value of the stock rises. ...


External links

  • Company Website
  • Bain Capital Ventures Leads a $10 Million Series C Round Combined with a New $5 Million Bank Facility with SVB Silicon Valley Bank
  • http://www.youtube.com/GovMittRomney

  Results from FactBites:
 
Bain Capital Europe (227 words)
The strength and depth of Bain Capital's private equity team allows the firm to pursue investments with great flexibility, moving aggressively into undervalued markets and capitalizing on changes in the global economic landscape.
This approach has enabled Bain Capital to attract and retain some of the industry's most talented investment specialists, with unmatched knowledge and depth of experience in all areas of the corporate capital structure.
Bain Capital Private Equity has investment professionals strategically situated throughout the world, with headquarters in Boston and offices in New York, London, Munich, Hong Kong, Shanghai, and Tokyo.
Reaping profit in study, sweat - The Boston Globe (4345 words)
Although Bain Capital was far removed from the scandals that brought down Drexel and Milken, its association with the junk-bond king came back to haunt Romney when he eventually ran for office.
Companies like Bain Capital typically cash out of their investments in three to five years, and ''usually have less of a stake in the community, in terms of employment, service on nonprofit boards, your physical and environmental impact,'' Gittell says.
Bain was planning for his eventual retirement, so the firm borrowed heavily to buy a slate of shares belonging to him and other founding partners.
  More results at FactBites »


 

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