M&A Deal Summary

Bain Capital Private Equity Acquires Bob s Discount Furniture

On December 30, 2013, private equity firm Bain Capital Private Equity acquired retailer Bob s Discount Furniture from Apax and KarpReilly

Acquisition Highlights
  • This is Bain Capital Private Equity’s 11th transaction in the Retail sector.
  • This is Bain Capital Private Equity’s 66th transaction in the United States.
  • This is Bain Capital Private Equity’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2013-12-30
Target Bob s Discount Furniture
Sector Retail
Buyer(s) Bain Capital Private Equity
Sellers(s) Apax
KarpReilly
Deal Type Secondary Buyout
Advisor(s) BofA Securities (Financial)
Ropes & Gray (Legal)

Target

Bob s Discount Furniture

Manchester, Connecticut, United States
Bob's Discount Furniture operates as a furniture retailer in the Northeast. It offers living room products, such as fabrics, leather, sectionals, and recliners, bedroom furniture and dining room products. Bob's Discount Furniture was founded in 1990 and is based in Manchester, Connecticut.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


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 116 of 238
Sector (Retail) 11 of 12
Type (Secondary Buyout) 20 of 67
State (Connecticut) 1 of 2
Country (United States) 66 of 124
Year (2013) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 Accelecare Wound Centers

Bellevue, Washington, United States

Accelecare Wound Centers, Inc. is a wound care and disease management company focused on providing full service wound management solutions to hospitals and related health care organizations across the United States. Accelecare Wound Centers was formed in 2007 and is based in Bellevue, Washington.

Sell $70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Kestra

Kirkland, Washington, United States

Kestra is a development-stage manufacturer of wearable cardioverter defibrillator solutions designed to prevent sudden cardiac death and promote cardiac recovery in at-risk patients. Kestra is based in Kirkland, Washington.

Buy -

Seller(S) 2

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 90 of 172
Sector (Retail) 5 of 9
Type (Secondary Buyout) 25 of 61
State (Connecticut) 1 of 1
Country (United States) 34 of 64
Year (2013) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-25 One Call

Jacksonville, Florida, United States

One Call is a provider of specialized services to the workers' compensation industry that lead to faster, more efficient, and more cost-effective claims resolution. From high-end diagnostics and physical therapy services to post-discharge and in-home and complex care management, to transportation and language services, to superior dental programs and other medical specialties, One Call provides reliable, consistent connections to care that enable maximum medical improvement and superior outcomes. One Call was formed in 2012 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Mobixell Networks

Edison, New Jersey, United States

Mobixell Networks provides intelligent mobile Internet solutions to mobile operators that optimize data networks and maximize data profitability. Mobixell’s flagship product, Seamless Access, enables mobile operators to intelligently manage, optimize, and monetize the surging mobile data and video traffic while giving subscribers an exceptional user experience.

Sell -
SELLER

KarpReilly

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2007
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KarpReilly is a private equity firm focused on partnering with small to mid-size growth companies across a broad range of industries. The Firm looks to commit $10 to $25 million of equity capital per investment. Sectors of interest include building materials, business services, consumer brands, healthcare services, retail, and restaurants. KarpReilly will consider both minority or majority investment positions in transactions that include growth financings, management buyouts, acquisition financings, and recapitalizations. KarpReilly was formed in 2007 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 8 of 16
Sector (Retail) 1 of 4
Type (Secondary Buyout) 2 of 5
State (Connecticut) 1 of 2
Country (United States) 8 of 14
Year (2013) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Norcraft Companies

Eagan, Minnesota, United States

Norcraft Companies, Inc. is a manufacturer of kitchen and bathroom cabinetry in the United States and Canada. Norcraft provides its customers with a single source for a broad range of high-quality cabinetry, including stock and semi-custom cabinets manufactured in both framed and frameless (full access) construction. Norcraft was formed in 1966 and is based in Eagan, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 S.B. Restaurant

Costa Mesa, California, United States

S.B. Restaurant Co. Inc. (dba: Elephant Bar Restaurant) is an adventurous, safari-themed, exciting, and 'different' casual dining restaurant chain focusing on fresh Asian and regional cuisine.

Sell -