Bain Capital

Bain Capital

Bain Capital is a Boston-headquartered global alternative investment firm specializing in private equity, venture capital and credit products founded in 1984 by Mitt Romney, T. Coleman Andrews, and Eric Kriss.

Founded in 1984, Bain Capital is a private equity and multi-asset alternative investment firm based in Boston, Massachusetts. The firm prefers to invest in the retail, business service, consumer, financial service, healthcare, energy, technology, media, telecommunication and industrial sectors.


The firm was founded in 1984 by partners from the consulting firm Bain & Company. These partners included Mitt Romney, T. Coleman Andrews III, and Eric Kriss. The early Bain Capital team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch, and Geoffrey S. Renhert. Even though founded by Bain & Company executives, Bain Capital is not an affiliate or division of Bain & Company but rather a separate entity. Bain Capital remains a private, employee-owned company.

The firm, and its actions during its first 15 years, became the subject of political and media scrutiny as a result of co-founder Mitt Romney's later political career, including his 2012 presidential campaign. Mitt Romney served as Bain Capital's first and last CEO. Since his departure, Bain Capital has continued to be run by management committee, lead by Co-Chairman Sephen Pagliuca in 2020.

As of 2018, the firm managed more than $105 billion of investor capital.

Funding and Acquisitions

Since inception, Bain Capital has invested in or acquired hundreds of companies. Their investment approach has extended to include public equity, credit, venture capital, real estate, and cross-asset class opportunities in strategic focus areas. They prefer to organize their investments around funds. The originally venture capital focus of their investments shifted towards a focus on leveraged buyouts and growth capital investments in more mature companies.

One of Bain Capital's early venture investments was in Staples, Inc in 1986. They provided $4.5 million to help executives Leo Kahn and Thomas G. Stemberg open the office supply supermarket in Brighton, Massachusetts. They followed a similar venture capital investment strategy through the remainder of the 1980's until the 1990's. Bain Capital's shift in investment strategy towards a focus on leveraged buyouts and growth capital investments in the early 1990's was exemplified by their acquisition of Ampad from Mead Corporation in 1992. The acquisition saw Ampad grow in sales from $106.7 million in 1992 to $583.9 million in 1996, the same year the company listed on the New York Stock Exchange.

Bain Capital describes their investment approach as consulting-based, intending to develop relationships and partnerships with management teams in order to find insights into long-term value for businesses and markets. And they strive in all investment categories to create impact for their investors, teams, and businesses.

Bain Capital's investments and acquisitions have included:

  • AMC Theatres
  • Artisan Entertainment
  • Aspen Education Group
  • Apex Tool Group
  • Brookstone
  • Burger King
  • Burlington Coat Factory
  • Canada Goose
  • DIC Entertainment
  • Domino's Pizza
  • DoubleClick
  • Dunkin' Donuts
  • D&M Holdings
  • Guitar Center
  • Hospital Corporation of America (HCA)
  • iHeartMedia
  • KB Toys
  • Sealy
  • Sports Authority
  • Staples
  • Toys "R" Us
  • Warner Music Group
  • Fingerhut
  • The Weather Channel
  • Apple Leisure Group

Charitable Organizations

Through the Bain Capital Community Partnership, Bain Capital and its employees strive to make an impact in the communities and neighborhoods where they work and live by supporting a wide array of charitable and nonprofit organizations with their time, expertise and resources. In 1986, Bain Capital employees founded Bain Capital Children's Charity (BCCC) to provide support to causes that benefit youth around the world. Each year, BCCC supports more than 110 organizations worldwide, and has donated more than $50 million to nonprofit organizations since its founding.


August 22, 2020

Consolidated Container Company to be Acquired by Bain Capital

August 18, 2020

Bain Capital completed a $1.2 billion deal to buy Japanese nursing home operator Nichiigakkan after fending off a higher, last minute bid from rival Baring Private Equity Asia (BPEA).

August 6, 2020

Aaref Hilaly joins Bain Capital.

July 30, 2020

Bain Capital Agrees to SPAC Deal for Cerevel

July 23, 2020

Bain Capital Credit acquired former Hypo Alpe Adria Bank from the Austrian government, which was the owner through the vehicle HBI-Bundesholding AG.

June 26, 2020

Bain Capital buys Virgin Australia out of administration.

May 21, 2020

Bain Capital Credit Goes Live with Hazeltree Collateral Manager.

May 12, 2020

Zelis backers Parthenon and Bain Capital step in to lead amid CEO departure.

April 27, 2020

Bain Capital said to pass $2 billion for distressed, special situation fund amid Coronavirus deal opportunity.

February 5, 2020

Bain Capital has agreed to acquire a controlling stake in the Italian IT company Engineering Group from funds advised by Apax Partners and Neuberger Berman.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Date signed
BV Capital Fund IV (Asia), L.P.
San Francisco
January 10, 2011
Bain Capital Fund XIII, L.P.
August 2020
Bain Capital European Buyout Fund V
Bain Capital Life Sciences Fund
Bain Capital Fund VIII, L.P.
Bain Capital Debut Real Estate Fund
Bain Capital Fund X
January 1, 2008
Bain Capital European Fund
Bain Capital Partnership Strategies Emerging Markets Fund
Bain Capital Life Sciences Fund II
Bain Capital Asia Private-Equity Fund
Bain Capital Double Impact Fund
Bain Capital Tech Opportunities
Bain Capital Fund XII
Bain Capital Fund XI
15 Results
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Further reading


Documentaries, videos and podcasts





August 27, 2020
Bain, which initially planned to list Kioxia last year, pushed back the listing because of deteriorating market conditions
August 25, 2020
Priority creditors and employees will receive 100% of funds owed, the report said


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