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.
One of Bain Capital's early venture investments was in StaplesStaples, 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.
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 KrissEric 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.