for? magna cum laude from Tufts University. [citation needed], Bain Capital Ventures is the venture capital arm of Bain Capital, focused on seed through late-stage growth equity, investing in business services, consumer, healthcare, internet & mobile, and software companies. II - Alphasimplx. 2012-2023 Bain Capital, LP. [11] In addition to the three founding partners, the early team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch, and Geoffrey S. Company profile page for Bain Capital Private Equity LP including stock price, company news, press releases, executives, board members, and contact information SoftwareOne, based in Stans . What are you looking [20][23][30] Another very successful investment occurred in 1986 when $1 million was invested in medical equipment maker Calumet Coach, which eventually returned $34 million. Announces March 31, 2023 Financial Results and Declares Second Quarter 2023 Dividend of $0.38 per Share, Bain Capital Specialty Finance, Inc. BOSTON, July 19, 2019Bain Capital Specialty Finance, Inc. (BCSF or the Company) (NYSE:BCSF) today announced the appointment of Amy Butte and Clare Richer to its Board of Directors. Clare Richer is a Director for Bain Capital Specialty Finance. It was later surpassed by the buyouts of EQ Office and TXU. As of 2022, the firm managed approximately $165 billion of investor capital. Prior to Putnam, Richer held finance, operations, and P&L leadership roles of increasing responsibility during her 25-year tenure at Fidelity Investments, culminating in her appointment as Chief Financial Officer and member of the Management Committee. [19] At the beginning, the firm had fewer than ten employees. [98] In early 2001, Bain agreed to purchase a 30 percent stake, worth $600 million, in Huntsman Corporation, a leading chemical company owned by Jon Huntsman, Sr., but the deal was never completed. He was also the sole shareholder of the firm. ZURICH (Reuters) - Bain Capital Private Equity has made an offer for SoftwareOne which values the Swiss software management company at 2.9 billion Swi. He is also a member of the board of directors and the . Bain Capital Special Situations Asia II LP, Bain Capital Global Direct Lending 2021 L Onshore LP, Bain Capital Gss 2022 A LP, Bain Capital Credit Funding I LP, Bain Capital Specialty Finance, Inc. Total Insider Purchases and Sales Reported to the SEC, Invesco KBW High Dividend Yield Financial ETF, iShares II Plc - Listed Private Equity UCITS ETF, MEDIOBANCA SICAV - Mediobanca Private Equity Strategies, FlexShares Listed Private Equity UCITS ETF FLPE, Natixis Fds. All Rights Reserved. BCSFs investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. [170], Originally founded as Brookside Capital,[171] Bain Capital Public Equity is the public equity affiliate of Bain Capital. All Rights Reserved. [101] However, in November the original transaction collapsed when Burger King failed to meet certain performance targets. Markets never sleep, and neither does Bloomberg News. [49], Bain, together with Thomas H. Lee Partners, acquired Experian, the consumer credit reporting business of TRW Inc., in 1996 for more than $1 billion. He currently leads Bain Capital's North American healthcare team and is a member of the investment committee for the . [8][9], In June 2023, Bain Capital was ranked 13th in Private Equity International's PEI 300 ranking of the largest private equity firms in the world. The private equity firms paid $2.425 billion in cash for the parent company of Dunkin' Donuts and Baskin-Robbins in December 2005. Butte founded Tile Financial Inc., and has previously held board positions at Fidelity Investments Strategic Advisers Funds, Man Financial, and Accion International. Since our founding in 1984, weve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. But 10deals were very successful and represented 70percent of the total profits. Bain and Blackstone narrowly beat out Kohlberg Kravis Roberts and TPG Capital in an auction for the company. The firm's most notable investments in 2000 included the $700 million acquisition of Datek, the online stock brokerage firm,[96] as well as the $305 million acquisition of KB Toys from Consolidated Stores. He joined Bain Capital Credit in 1998 and is a Managing Director, Global Head of the Private Credit Group, Portfolio Manager for the Middle Market Credit and Senior Direct Lending strategies and a Credit Committee member for Bain Capital Credit. [119] Bain, along with partners Carlyle Group and Clayton, Dubilier & Rice, would later negotiate a lower price ($8.5 billion) when the initial stages of the subprime mortgage crisis caused lenders to seek to renegotiate the terms of the acquisition financing. The trademarks and logos above are used for reference purposes only, and are the property of their respective owners. [48] Three years later, Totes, under Bain's ownership, acquired Isotoner, a producer of leather gloves. [130], In June 2009, Bain Capital Private Equity announced a deal to invest up to $432 million in Chinese electronics manufacturer GOME Electrical Appliances for a stake of up to 23%. [50] The company was sold to Great Universal Stores for $1.7 billion just months after being acquired. [71], By the end of the decade, Bain Capital was on its way to being one of the top private equity firms in the nation,[28] having increased its number of partners from 5 to 18, having 115employees overall, and having $4 billion under its management. Bain Capital Investor Portal Please log in to access your account information. She is also a sitting Board Director of State Street Global Advisors SPDR ETF Mutual Funds. Devin O'Reilly Compensation Committee Chair Devin O'Reilly brings a wealth of experience in the healthcare industry to the board. [160] In September 2019, SpringWorks, a biopharmaceutical company Bain Capital Life Sciences owns a 17% stake in, launched an IPO. In March 2004, Bain acquired Brenntag Group from Deutsche Bahn AG (Exited in 2006; sold to BC Partners for $4B). What are you looking In addition, during his tenure at Bain Capital, he also served as a board director of several portfolio companies. The Wall Street Journal, December 1, 1988, "Venture-Capital Funds Grow Larger and Larger - But Start-Up Companies Find They're Still Left Out in the Cold". International stock quotes are delayed as per exchange requirements. [16] He later became referred to as managing director[17] or CEO[18] as well. David McMillan Chief Executive Officer + Elke Reichart Independent Non-Executive Director + Peter Bole Chief Financial Officer + We work with ambitious leaders who want to define the future, not hide from it. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. About Bain Capital Specialty Finance, Inc. Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle-market companies. In 2004 a consortium comprising KKR, Bain Capital, and real estate development company Vornado Realty Trust announced the $6.6 billion acquisition of Toys "R" Us, the toy retailer. 2012-2023 Bain Capital, LP. 2012-2023 Bain Capital, LP. [125], In the wake of the closure of the credit markets in 2007 and 2008, Bain Capital Private Equity managed to close only a small number of sizable transactions. [174] In November 2018, Bain Capital Credit took Specialty Finance, a business development company, public through an IPO. All Rights Reserved.Privacy PolicyTerms of UseRegulatory DisclosuresWeb Fraud and Phishing Warning, Meet the Bain Capital Investor Relations team. [6][163] Historically, Bain Capital has primarily relied on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and other institutional investors. for. Bain had been able to recover value on its investment through a dividend recapitalization in 2003. By the end of the decade, Bain's second fund, raised in 1987 had deployed $106 million into 13 investments. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. [35][88][89] Romney's leave of absence and the level of activity he had within the firm during the 1999-2002 period also garnered attention.[90][84][91][92][93][94]. INVESTOR LOGIN; LOCATIONS; SEARCH CLOSE ; Bain Capital Specialty . [35][57] Revenues declined from 1999 through 2002 and despite attempts to cut costs through layoffs the company entered into bankruptcy in 2002. Prior to Tohmon Capital Partners, she was a co-founder and Chief Executive Officer of Gilo Ventures, a technology-focused venture capital firm, from 2000 to 2002. . [44] The company ceased trading on the New York stock exchange on December 22, 2000,[45] and filed for bankruptcy in 2001. However, the two firms had put in place certain protections to avoid sharing information between the two companies and the Bain & Company executives had the ability to veto investments that posed potential conflicts of interest. [46] The assets were acquired in 2003 by Crescent Investments. Bain Capital Credit (Australia), Pty. 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