Investment Summary

Bain Capital Double Impact Invests In Beatnic

On April 5, 2018, private equity firm Bain Capital Double Impact invested in restaurant Beatnic

Investment Highlights
  • This is Bain Capital Double Impact’s 1st transaction in the Restaurants sector.
  • This is Bain Capital Double Impact’s 3rd transaction in the United States.
  • This is Bain Capital Double Impact’s 2nd transaction in New York.

Investment Summary

Date 2018-04-05
Target Beatnic
Sector Restaurants
Investor(s) Bain Capital Double Impact
Deal Type Growth Capital

Target

Beatnic

New York, New York, United States
Beatnic is a provider of 100% vegan, 100% delicious food that debuted in New York City in 2015. Beatnic offers a creative plant-based menu of house-made burgers, sandwiches, salads, and baked sweets. A destination for vegans and omnivores alike, Beatnic continues to innovate in the category while staying true to the brand's creative, inclusive, and vibrant core values. Beatnic was founded in 2015 and is based in New York City.

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Investor(S) 1

DESCRIPTION

Bain Capital Double Impact is the social and wellness investment arm of Bain Capital. The Firm looks to invest in mission-driven companies that deliver both competitive financial returns and meaningful, measurable social and environmental good. Bain Capital Double Impact is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 18
Sector (Restaurants) 1 of 1
Type (Growth Capital) 1 of 7
State (New York) 2 of 2
Country (United States) 3 of 17
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Living Earth

Dallas, Texas, United States

Living Earth is a manufacturer and provider of mulch, compost, and other landscaping materials in the State of Texas. The Company operates thirteen locations, primarily in the metropolitan areas of Dallas and Houston, selling to commercial contractors and nurseries. Living Earth was founded in 1985 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Penn Foster

Scranton, Pennsylvania, United States

Penn Foster is a leading provider of high school diploma, workforce education, and training solutions. The business focuses on adult learners who seek forms of higher education to improve their career skills and employment status. Penn Foster was founded in 1890 and is based in Scranton, Pennsylvania.

Buy -