Bob's management team … The private equity firm Bain Capital announced on Monday that it had agreed to buy a majority stake in Bob’s Discount Furniture, the chain of stores known for its low-tech commercials featuring its founder, Bob Kaufman. BofA Merrill Lynch is serving as financial advisor, and Ropes & Gray LLP is acting as legal counsel, to Bob's Discount Furniture. Bob’s Discount Furniture Charitable Foundation has anchored the company’s philanthropic work for more than 15 years. Bob’s Discount Furniture, a furniture and bedding retailer, has signed a definitive agreement to sell a major stake of the company to Bain Capital, a private asset management firm.. petrosj@fullandby.co Bob’s sought a waiver because 17 entry-level employees of a total of 1,052 workers in the state do not make the wage specified in the ruling”. Every year the company donates more than $100,000 to schools and more than $1 million to charities through these programs. 2013 1:43PM. The transaction is expected to close in Q1 2014. Bob's Discount Furniture operates about 70 furniture stores (some featuring mini-golf courses and complimentary refreshments) in 12 US states in the Northeast, Mid-Atlantic and Midwest. Those incesent commericals on TV are all a scam. Bob’s Discount Furniture Charitable Foundation has anchored the company’s philanthropic work for more than 15 years. Bain Capital has agreed to buy a majority stake in Bob’s Discount Furniture. Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount. Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. No financial terms were disclosed for the transaction, which … “Bain Capital brings the experience and resources we need to support our continued expansion to serve more customers in more places, and to provide opportunities for advancement for our people." RBC and UBS are helping finance the transaction. Bobs Discount Furniture also shares with Bain Capital a deep commitment to community involvement. Bobs Discount Stores supports the communities where its stores are located through a variety of charitable giving efforts to social service agencies, charities, group homes and community fundraisers, childrens charities, schools and community service groups. Kirkland & Ellis LLP is serving as legal counsel, and PwC LLP is serving as accounting advisor, to Bain Capital. The company is owned by MITT ROMNEY's Bain Capital a multibillion dollar hedge fund. Bob’s is committed to supporting communities where its stores are located through a variety of charitable giving efforts. Bob’s Discount Furniture, a retailer of quality furniture and bedding at everyday low prices, today announced the signing of a definitive agreement to Bain Capital (Boston) has had agreed to buy a majority stake in Bob’s Discount Furniture (Manchester, Conn.), a chain of nearly 50 furniture stores, for a reported $350 million. The management team will continue to own a significant stake in the company. "We are excited to partner with Ted English and the great management team at Bob’s Discount Furniture to support continued growth in this dynamic business,” said Tricia Patrick, a Principal at Bain Capital Private Equity. Bain Capital LLC, the private-equity firm that oversees more than $70 billion in assets, agreed to buy furniture and bedding retailer Bob's Discount Furniture Inc. from Apax Partners LLP and KarpReilly LLC. Bain To Acquire Bob’s Discount Furniture. Bain Capital (Boston) has had agreed to buy a majority stake in Bob’s Discount Furniture (Manchester, Conn.), a chain of nearly 50 furniture stores, for a reported $350 million. RBC and UBS also served as financial advisers to Bain Capital Private Equity. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. Bain Capital Private Equity has a history of successful investments in a variety of retail and consumer businesses including Michaels Stores, Dunkin’ Brands Group, Bombardier Recreational Products, Outback Steakhouse, Burlington Stores, Dollarama, and Samsonite International. Bob’s Discount Furniture provides a wide variety of quality furnishings – including living room furniture, bedroom furniture, dining room furniture, office furniture and home accents – at everyday low prices. Bob’s Discount Furniture, a retailer of quality furniture and bedding at everyday low prices, announced the signing of a definitive agreement to sell a majority stake in the company to Bain Capital, a leading global private investment firm. The trademarks and logos above are used for reference purposes only, and are the property of their respective owners. Bob Kaufman(Bobs) doesn't own the company. The business has been majority owned by private equity firm KarpReilly/Apax for the past nine years. In addition, the Bob’s Outreach program was created as a separate entity to help schools and children-related charities. The private equity firm Bain Capital announced on Monday that it had agreed to buy a majority stake in Bob’s Discount Furniture, the chain of stores known for its low-tech commercials featuring its founder, Bob Kaufman. Published December 30. Headquartered in Manchester, Connecticut, Bob’s Discount Furniture provides a wide variety of quality furnishings, including living room furniture, bedroom furniture, dining room furniture, mattresses/foundations and home accents, at value prices. For a complete list of current and prior investments, please contact Andrew Keating at (203) 504-9906. Detailed financial terms of the agreement were not disclosed, however, a company press released noted that RBC and UBS are providing … MANCHESTER — The Bob’s Discount Furniture chain has agreed to sell a majority stake in the company to Bain Capital, a private investment firm in Boston, company officials said today. “We are thrilled to partner with Bain Capital, a firm that has been investing in great retail businesses and consumer brands for decades,” said Ted English, Chief Executive Officer of Bob’s Discount Furniture, who will continue to lead the company. Bob’s Discount Furniture also shares with Bain Capital a deep commitment to community involvement. Bob's Discount Furniture changes P-E hands, going to Bain Capital from Apax Partners. The company was founded in 1991 by Bob Kaufman and sells more than $1 billion in furniture a year but is now owned by Bain Capital. Bob's Discount Furniture agreed to be acquired by investment firm Bain undefined Capital for an undisclosed amount, though estimates ranged up to $350 million. Bob’s Discount Stores supports the communities where its stores are located through a variety of charitable giving efforts to social service agencies, charities, group homes and community fundraisers, children’s charities, schools and community service groups. © 2012-2020 Bain Capital, LP. Who manufactures Bobs Furniture? RBC Capital Markets and UBS have finalized pricing on the LBO financing for Bob’s Discount Furniture after increasing the spread on the first-lien term loan and cutting the offer price on the second-lien, according to sources.. The Bain Capital square symbol is a trademark of Bain Capital, LP. Alex Stanton, Stanton PR & Marketing We look forward to supporting the management team in executing their plan to grow and offer more customers the opportunity to shop at Bob’s Discount Furniture.”. Based in Manchester, Bob’s Discount Furniture operates 47 stores throughout the Northeast and Mid-Atlantic. Stores feature a complementary cafe with gourmet coffee, ice cream, fresh baked cookies and candy. Bain Capital’s more than 300 professionals are collectively the single largest investor in all of its funds and are dedicated to investing in and building its portfolio companies. The private equity firm KarpReilly/Apax (Greenwich, Conn.), which has been a majority owner in Bob’s for the last nine years, will no longer be invested in the company. Financing for the transaction is being provided by RBC Capital Markets and UBS Securities. Bain Capital, LLC (baincapital.com) is one of the world’s foremost privately-held alternative investment firms, with more than $70 billion of assets under management in several pools of capital including private equity, venture capital, public equity, credit products and absolute return. Bain Capital Investor Portal Please log in to access your account information. Through the Bain Capital Community Partnership, the firm and its employees have provided time, expertise and financial resources to hundreds of nonprofit organizations around the world. They prey on the poor and take advantage of people. Bain Capital is acquiring a majority stake in Bob's Discount Furniture, a furniture and bedding retailer, from Apax Partners and KarpReilly. The company’s management team will continue to own a “significant stake” in the business, according to a news release announcing the deal … MANCHESTER — The Bob’s Discount Furniture chain has agreed to sell a majority stake in the company to Bain Capital, a private investment firm in Boston, company officials said today. Bob s Discount Furniture was acquired by Bain Capital Private Equity on December 30, 2013 Retail Company Out of 60 sectors in the Mergr database, retail ranked 17 in … Bob's Discount Furniture is part of Bain Capital, LLC. Bain Capital . Bob kaufman the founder and face of bobs discount furniture will remain president emeritus of the chain after a majority stake in the company is sold to bain capital the boston based private. Bob’s Discount Furniture also shares with Bain Capital a deep commitment to community involvement. Jaclyn Petros, Full & By In late 2011, Little Bob has been slightly modified. This pisses me off. A deal for the furniture store chain is believed to be in the neighborhood of $350M. Bob’s Discount Furniture, a furniture and bedding retailer, has signed a definitive agreement to sell a major stake of the company to Bain Capital, a private asset management firm.. “We are thrilled to partner with Bain Capital, a firm that has been investing in great retail businesses and consumer brands for decades,” said Ted English, Chief Executive Officer of Bob’s Discount Furniture, who will continue to lead the company. With 47 stores located throughout Northeast and Mid-Atlantic - and opening in the Philadelphia area in February 2014 - Bob’s Discount Furniture has grown dramatically over the last 10 years by delivering unsurpassed value to customers. Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount. With 47 stores located throughout New England, New Jersey, New York, Maryland and Virginia, the Manchester, Conn.-based company has become the 16th-largest U.S. furniture chain. Bain Capital LLC, the private-equity firm that oversees more than $70 billion in assets, agreed to buy furniture and bedding retailer Bob's Discount Furniture Inc. from Apax Partners LLP and KarpReilly LLC. Bob S Discount Furniture And The American Red Cross Team Up Specifically shes cathy poulin director of public relations for bobs furniture inc. Bain Capital Buys Majority Stake in Bob's Discount Furniture - Clinton, CT - The deal should close by the end of the first business quarter in 2014. No endorsement of Bain Capital is intended by the use of such trademarks. KarpReilly, LLC. Is Bob’s Furniture made in China? Financial terms of the private transaction were not disclosed. Headquartered in Manchester, Connecticut, Bob’s Discount Furniture provides a wide variety of quality furnishings, including living room furniture, bedroom furniture, dining room furniture, mattresses/foundations and home accents, at value prices. “We believe the company’s quality furniture at deep value fills an important need in the market today, and along with the authenticity of the Bob's brand, should drive sustainable growth for years to come. Claire Bessette. Bob's Discount Furniture is a retail furniture chain with locations across the United States. 1 1991-1997 2 1997-2008 3 2008-2011 4 2011-2013 5 2013-present In 2008, with the introduction of "Little Bob", Bob's Discount Furniture changed its logo. Bain Capital has a history of successful investments in a variety of retail and consumer businesses including Michaels Stores, Dunkin’ Brands Group, Bombardier Recreational Products, Outback Steakhouse, Burlington Stores, Dollarama, and Samsonite International. About Bain Capital Bob’s Discount Furniture today announced that its 2018 golf outing raised $635,000 for children’s charities. Detailed financial terms of the agreement were not disclosed, however, a company press released noted that RBC and UBS are providing … Bobs Discount Furniture misleading ads, prey on the poor, owned by Bain Capital a hedge fund, terrible products norwich connecticut Nationwide Print this Report Email this Report Bob’s is committed to supporting communities where its stores are located through a variety of charitable giving efforts. Bob’s Discount Furniture also shares with Bain Capital a deep commitment to community involvement. Bain Capital to buy Bob’s Discount Furniture. “Mike’s elevation to CEO is an exciting milestone for Bob’s Discount Furniture,” said Tricia Patrick of Bain Capital Private Equity, who has … In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. With 47 stores located throughout Northeast and Mid-Atlantic – and opening in the Philadelphia area in February 2014 – Bob’s Discount Furniture has grown dramatically over the last 10 years by delivering unsurpassed value to customers. astanton@stantonprm.com Based in Manchester, Bob’s Discount Furniture operates 47 stores throughout the Northeast and Mid-Atlantic. New York, NY--Paul Hastings LLP, a leading global law firm, announced today that the firm represented RBC and UBS in the senior secured credit facilities for the financing of Bain Capital’s acquisition of Bob’s Discount Furniture, a retailer of quality furniture and bedding at everyday low prices.Leveraged Finance partners Michael Baker and Mario Ippolito led the Paul Hastings … They spent under $100 million on advertising in digital and national TV in the last year.They invest in premium ad units and advertised on over 250 different Media Properties in the last year across multiple Media formats. Since 1991, Bob’s has built strong customer loyalty by offering the highest-value home furnishings at the lowest possible prices. The transaction is expected to close in Q1 2014. Bob's Discount Furniture is an American furniture store chain headquartered in Manchester, Connecticut.Bob's Discount Furniture was founded in 1991 with its first store in Newington, Connecticut and is ranked 12th in sales among United States furniture stores according to Furniture Today's list of Top 100 Furniture Stores. Little Bob was dropped from the logo, though he is still the mascot of the company. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. Private equity firm Bain Capital is buying a majority stake in Bob’s Discount Furniture. If you have any questions regarding your account, please contact [email protected]. Bob’s Discount Furniture provides a wide variety of quality furnishings – including living room furniture, bedroom furniture, dining room furniture, office furniture and home accents – at everyday low prices. Bob s Discount Furniture was acquired by Bain Capital Private Equity on December 30, 2013 Retail Company Out of 60 sectors in the Mergr database, retail ranked 17 … This press release has been updated to reflect the new business unit name, "Bain Capital Private Equity," which was changed from "Bain Capital" or "Bain Capital, LP.". Bain Capital Buys Majority Stake in Bob's Discount Furniture - Waterford, CT - The deal should close by the end of the first business quarter in 2014. 2013 2:00PM | Updated December 31. Roy Barker. Bob's Discount Furniture launched and advertised 1 new product in the past twelve months. By: Business Journals. No financial terms were disclosed for the transaction, which is … Bob’s landed on Mergers & Acquisitions’ Companies for Sale list on Oct. 18. Manchester, CT & Boston, MA Shop online or find a nearby store at MyBobs.com! The retailer also sells accessories, including rugs and artwork. The private equity firm KarpReilly/Apax (Greenwich, Conn.), which has been a majority owner in Bob’s for the last nine years, will no longer be invested in the company. The chain targets moderate-income customers with a … “Bain Capital brings the experience and resources we need to support our continued expansion to serve more customers in more places, and to provide opportunities for advancement for our people.” The business has been majority owned by private equity firm KarpReilly/Apax for the past nine years. Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake in the company to Bain Capital, a global private investment firm. Bob’s Discount Furniture additionally shares with Bain Capital a deep commitment to neighborhood involvement. The portfolio listed herein is a sample of investments made by the founders of KarpReilly, LLC. Blog. Company profile page for Bob's Discount Furniture Inc including stock price, company news, press releases, executives, board members, and contact information ... Bain Capital … For Bob’s Discount Furniture:  The stores also offer a unique and enjoyable shopping experience featuring cafes in each store with free gourmet coffee, ice cream, cookies and candy. © The management team will continue to own a significant stake in the company. 212.780.0701. Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake in the company to Bain Capital, a global private investment firm. The management team will continue to own a significant stake in the company. The money will benefit organizations selected by Bob’s Discount Furniture’s Charitable Foundation, including the Nutmeg Big Brothers Big Sisters, Camp Rising Sun, Family & Children's Aid, The Jimmy Fund, Connecticut Children's Medical Center, and Cardinal Cushing Centers. “We believe the company’s quality furniture at deep value fills an important need in the market today, and along with the authenticity of the Bob’s brand, should drive sustainable growth for years to come. And here is where it goes off the rails: The majority owner of Bob’s Discount Furniture is our old friend Bain Capital. It is ranked 14th among U.S. furniture retailers. Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $120 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. In addition, the Bob’s Outreach program was created as a separate entity to help schools and children-related charities. The transaction is expected to close during the first quarter of 2014. The transaction is expected to close during the first quarter of 2014. Bob’s Discount Furniture also shares with Bain Capital a deep commitment to community involvement. Bob's Discount Furniture changes P-E hands, going to Bain Capital from Apax Partners. Bob’s Discount Furniture, ... today announced the signing of a definitive agreement to sell a majority stake in the company to Bain Capital, a leading global private investment firm. The management team will continue to own a significant stake in the company. Who makes bobs furniture. The stores also offer a unique and enjoyable shopping experience featuring cafes in each store with free gourmet coffee, ice cream, cookies and candy. Bain Capital has offices in Boston, New York, Chicago, Palo Alto, London, Munich, Tokyo, Shanghai, Hong Kong, Mumbai and Sydney. Financial terms of the private transaction were not disclosed. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact. December 30, 2013 at 10:49 AM EST. Established in 1991, the furniture giant Bob’s Discount Furniture now sells more than $1.1 billion in furniture annually, with stores in the Northeast, Midwest and Mid-Atlantic. Posted on January 1, 2014.

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