Boston-headquartered Bain Capital Partners has agreed to acquire multi-department retail chain Burlington Coat Factory Warehouse Corporation in a $2.06bn transaction. Bain Capital will acquire all of the outstanding shares of Burlington Coat Factory Warehouse Corporation for $45.50 per share in cash.
Burlington Coat Factory offers a range of branded apparel across product divisions including coats, ladies sportswear, menswear, family footwear, baby furniture and accessories, and home decor and gifts. It has 367 stores in 42 states.
Jordan Hitch, a managing director at Bain Capital, said, ‘Burlington Coat Factory is a well-managed retail business with a strong consumer following, high-quality product offerings, and good growth prospects.’
Bain Capital manages several pools of capital including private equity, venture capital, public equity and leveraged debt assets with more than $27bn in assets under management.
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