Bain Capital
Private equity firm
Has made investments in more than 250 companies since 1984 including Toys'R'Us, MYOB and Gymboree. Bain has about US$185 billion in assets. Mitt Romney, the Republican candidate for USA president in 2012, was a co-founder of the company.

Overall

Owned USA
Rating F
About the Ratings
Bain Capital LP
USA

Company Assessment

(Last updated Sep 2024)
Bain Capital LP
Criticism
Pillaging American retail
In 2005, Toys "R" Us was purchased in a US$6.6 billion leveraged buyout by private equity firms Bain Capital, KKR, and Vornado Realty Trust. While Toys "R" Us' revenues remained steady over the next 13 years - US$11.1 billion in sales in 2017 - the retailer was saddled with debt it couldn't repay. By 2007, 97% of the company's operating income was consumed by interest, which left the company unable to upgrade technology or evolve its business model. The heavy debt load eventually led Toy "R" Us to file for bankruptcy in 2018. The company liquidated in June of 2018 and closed their remaining 800 stores. Over 33,000 employees of the company lost their jobs and their severance payments in bankruptcy court. The PE companies controlling the Toys "R" Us bankruptcy refused buyers that would have saved thousands of jobs and instead chose liquidation to maximize the financial extraction. The private equity firms that owned Toys "R" Us collected more than $470 million in fees and interest from the retailer over the ownership period, while a total of 64,000 jobs were lost.
0/20 in Social Benchmark
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2022 and received a score of 0/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
2.9% in Financial System Benchmark
The 2022 Financial System Benchmark ranks 400 financial institutions across three measurement areas: governance and strategy, respecting planetary boundaries (environment, climate and biodiversity) and adhering to societal conventions (human rights). This company ranked #304/400, with a total score of 2.9/100.
Political donations
This company is on OpenSecrets.org's list of "Top Donors", a list of the 100 biggest givers in US federal-level politics since 1990. Companies on this list lobby and spend big, with large sums sent to candidates, parties and leadership PACs. This company comes in at number 52 on the list, with contributions totalling $63,534,432 between 1990 and 2024.
Information
Workers rights in China
This 2012 report by the Institute for Global Labour and Human Rights reveals how Bain Capital owned Sensata Technologies pays their young women workers in China just 99 cents to $1.35 an hour to work 12-hour shifts, seven days a week. These workers have no freedom of religion, no freedom of speech, no political freedoms and no right to the International Labor Organization's internationally recognized labor rights standards. [Listed under Information due to age of report]
$54m collusion settlement
In 2014 this company agreed to pay US$54 million to settle a class action lawsuit alleging that the Boston firm and several other major private equity firms colluded to keep rivals from outbidding them on giant buyout deals.
Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
ESG claims
This company has ESG claims on its website in 5 key areas: Active Governance & Stewardship; Sustainable Growth & Reducing Climate Impact; Fair Employment, Engagement & Well-being; Diversity, Equity & Inclusion; and Community Engagement.
OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Corruption
Mitt Romney, US presidential candidate in 2012, was head of this company when fraud was committed. When the fraud was reported to the US Department of Justice (2001), he 'retroactively retired'(1999) to conceal his involvement and avoid investigation. President George W. Bush's appointment of a lawyer from this company's secret law firm as a US Attorney guaranteed Romney would not be investigated despite public docket records, FEC and SEC filings showing that he profited from corruption, fraud and racketeering.

Company Details

Type:
Private company
Founded:
1984
Subsidiaries:
Accolade Wines Australia Ltd
Alcoholic beverages, especially wine
Australia's second largest wine company. Previously known as Constellation Brands. Acquired by CHAMP Private Equity in 2010, Carlyle Group in 2018, and a consortium led by Bain Capital in 2024. Bought Pernod Ricard's wine division in Australia and New Zealand in 2024.
Canada Goose Holdings Inc (49% owned)
Winter clothing

Contact Details

Address:
Boston, Massachusetts, USA
Website:
www.baincapital.com

Products / Brands

Accolade Wines
Hardys Brandy
Svedka Vodka
Canada Goose (49% owned) / Brand Collective (distributor)
Canada Goose Outdoor Wear