M&A Deal Summary

Bain Capital Private Equity Acquires K B Toys

On December 8, 2000, private equity firm Bain Capital Private Equity acquired retailer K B Toys from Big Lots for 300M USD

Acquisition Highlights
  • This is Bain Capital Private Equity’s 2nd transaction in the Retail sector.
  • This is Bain Capital Private Equity’s 65th largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 17th transaction in the United States.
  • This is Bain Capital Private Equity’s 3rd transaction in Massachusetts.
Investment Fate
  • K B Toys went bankrupt in 2004.

M&A Deal Summary

Date 2000-12-08
Target K B Toys
Sector Retail
Buyer(s) Bain Capital Private Equity
Sellers(s) Big Lots
Deal Type Divestiture
Deal Value 300M USD

Target

K B Toys

Pittsfield, Massachusetts, United States
website
K B Toys Inc. is a specialty retailer throughout the US focused on toys and merchandise for young adults. The Company was formed in 1922 and is headquartered in Pittsfield, Massachusetts.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 18 of 227
Sector (Retail) 2 of 12
Type (Divestiture) 4 of 38
State (Massachusetts) 3 of 12
Country (United States) 17 of 120
Year (2000) 7 of 7
Size (of disclosed) 65 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 Datek Online Holdings

Iselin, New Jersey, United States

Established in 1998, privately held Datek Online Holdings Corp. is one of the fastest-growing financial services companies in the United States and through affiliates provides swift access to financial services through innovative technology. The Company’s primary businesses are Datek Online Brokerage Services LLC, a pioneer in the online brokerage industry; iClearing LLC, a securities clearing operation; and Watcher Technologies, a provider of cutting-edge trading systems for the professional trading industry.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-29 Totes Isotoner

Cincinnati, Ohio, United States

Totes Isotoner Corp. is a designer, wholesaler, distributor and retailer of branded accessories for the cold and wet weather markets. Product lines include umbrellas, accessories, gloves, slippers, and sunglasses under a number of brands such as totes, Isotoner, and Aris.

Sell -

Seller(S) 1

SELLER

Big Lots

Columbus, Ohio, United States

website


Category Company
Founded 1967
Sector Retail
Employees10,500
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to Big Lots' corporate headquarters in Columbus, Ohio.
Entrance to Big Lots' corporate headquarters in Columbus, Ohio.

Big Lots is a unique, non-traditional, discount retailer operating 1,495 Big Lots stores in 48 states with product assortments in the merchandise categories of Food, Consumables, Furniture & Home Décor, Seasonal, Soft Home, Hard Home, and Electronics & Accessories. Big Lots was incorporated in 1967 and is based in Columbus, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-05 MacFrugal’s Bargains Close-Outs

Rancho Dominguez, California, United States

MacFrugal’s Bargains Close-Outs Inc. is a discount retailer serving the West Coast of the US. The Company was formed in 1971 and is headquartered in Rancho Dominguez, California.

Buy $995M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-26 Liquidation World

Brantford, Ontario, Canada

Liquidation World, Inc. based in Brantford, Ontario, operates 92 stores in Canada and offers a broad assortment of closeout merchandise.

Buy CA$36M