Bain Capital

In a recent conversation with PE Hub Europe, Nigel Walder opined on the deal-making environment for the second half of 2024, the impact of inflation, interest rate expectations, and prospects for the consumer sector in Europe. He pointed to two recent exits in our Europe portfolio, Zellis and Bugaboo, as examples of high-quality companies that have captured significant growth opportunities while navigating macroeconomic volatility. Read more here: https://lnkd.in/eqgvaYR2   #BainCapitalPrivateEquity

Our joint venture with Staley Point Capital is making strong progress with four transactions involving over 400,000 square feet of high-quality industrials assets in Southern California. Together, we acquired two properties totaling 232,000 square feet in Orange County and North Los Angeles. This adds to an active year, where we have partnered to acquire five West Coast infill industrial properties for $87 million. Our joint venture also sold two assets totaling 183,000 square feet for $53 million in Buena Park, CA (Orange County). This brings total dispositions for the joint venture to $231 million over the past 24 months. These milestones reflect our ability to combine data-driven, thematic insights and deep local experience to build a portfolio of high-quality industrial properties in supply constrained markets across the West Coast. Read both announcements here: https://lnkd.in/eTFim4Zn https://lnkd.in/eS4XSAG6

Our Private Credit Group recently acted as co-administrative agent and joint lead arrangers on a senior debt facility and as equity co-investors to support BharCap Partners’ strategic investment in Electronic Merchant Systems. EMS processes more than $6 billion in transaction volume on behalf of 25,000 small and mid-sized merchants worldwide. We believe EMS is well-positioned to capitalize on growth opportunities in a highly fragmented payments processing ecosystem with BharCap’s support. Read more here: https://lnkd.in/eY3CUUr3 #BainCapitalCredit

Andrew Schantz recently spoke with DealStreetAsia on evolution of the private credit environment. Despite Asia having some of the largest credit markets in the world, Andrew observed that banks largely dominate financing activity, leading to a significant capital undersupply for borrowers. He noted that this presents a substantial opportunity for our Private Credit Group to be a partner to Asia-based businesses, building on its 25 years of global experience partnering with middle-market companies and sponsors to deliver flexible lending solutions. #BainCapitalCredit Read the full interview, here: https://lnkd.in/gUA8d8hR

We recently welcomed 99 new colleagues from eight of our global offices to Boston for our Global Investment Professional Orientation ('IPO').   New investment professionals had the opportunity to connect, and learn about our firm's history, values, culture, strategy, and investment approach. Senior leaders across our firm also joined to impart insights and lessons learned from their careers at Bain Capital and in the private investment industry.   To cap off ‘IPO’, participants also engaged in team-building activities, such as assembling children's bicycles for CambridgeBikeGiveBack, a local charity dedicated to supplying bikes to community members in need. 

Drawing on our deep experience in the Aerospace and Defense industries, our European Industrials and Italian franchises, and our expertise driving value creation within complex businesses, we are excited to announce our latest strategic investment in SOMACIS, a global, Italian-HQ manufacturer of high-mix, low-volume, mission-critical PCBs (Printed Circuit Boards).   For over 50 years, SOMACIS has been a leading player and an innovator in its field, covering a diversified set of end-markets including Aerospace and Defence, Medical Technology, Datacentres/AI, and Industrial Automation.   In partnership with Chequers Capital and SOMACIS management, we are excited to support the company’s further international expansion and growth ambitions. https://lnkd.in/efSJzSJS   #aerospace #defense #BainCapitalPrivateEquity #industrialtechnology

Thank you to Ted Seides and Capital Allocators for another insightful conversation and for the opportunity to reflect on the values, milestones, and culture that have shaped Bain Capital over our 40-year history. We touched on the bold choices made by Bain Capital’s founders to break from industry convention and build a firm based on a principal orientation, with a focus on alignment and a commitment to a business model driven by returns and value creation. I’m proud to say that we’ve built on that foundation by developing our unique culture that prioritizes training and development, which has provided enormous advantages in attracting and retaining talent. Our interview also offered the chance to recall key inflection points and conversations in our halls, from succession to the growth of our partnership, as well as the trials of the global financial crisis. Each were critical to our growth and will continue to be important for our next chapter. Listen to our full conversation: https://lnkd.in/gQWAzxDj

Bain Capital Specialty Finance, Inc. (NYSE: BCSF) announced its second quarter ended June 30, 2024 financial results. It also declared a 3Q 2024 dividend of $0.42 and an additional dividend of $0.03 per share, which was announced earlier this year.   “BCSF delivered another quarter of solid earnings driven by high net investment income and continued stable credit quality across our diversified portfolio,” said Michael Ewald, Chief Executive Officer of #BCSF. “We further strengthened our capital position through increasing commitments to our revolving credit facility and extending the maturity date, as we execute our longstanding strategy of investing in senior secured loans to middle market companies.” https://lnkd.in/eMEP7zxx

BluWave, LP’s Karma School of Business recently hosted Darren Herman for a discussion on his unconventional career path and the impact and integration of digital innovation and new technology in portfolio company growth.     Moving from a tech executive to Bain Capital and founding Silicon Alley Sports, Darren discusses the importance of adaptability amidst constant change—in business, in tech, and beyond. 

Demand for high-quality experiential travel continues to rise and inform our hospitality real estate strategy. In the latest milestone of that strategy, we are thrilled to announce the successful sale of Casa Lit Barcelona Hotel in Spain. Since assuming management in 2022 alongside Stoneweg, we have made significant renovations and rebranding efforts, seamlessly combining the hotel’s historic charm with a contemporary design.   #realestate #investment #hospitality #BainCapital