Bain Capital caps 2013 with Bob’s Discount Furniture buyout deal

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furnitureUS private equity firm Bain Capital has agreed to buy a majority stake in low-price bedding and furniture chain Bob’s Discount Furniture to mark one of the final private equity deals of 2013.

Bob’s management will continue to hold a significant stake in the company according to a statement, which said it expected the deal to close in the first quarter of 2014.

Bain Capital’s previous retail and consumer investments include Michaels Stores, Dunkin’ Brands Group, Bombardier Recreational Products, Outback Steakhouse, Burlington Stores, Dollarama, and Samsonite International.

Tricia Patrick, a principal at Bain Capital, said, “We are excited to partner with Ted English and the great management team at Bob’s Discount Furniture to support continued growth in this dynamic business.

“We believe the company’s quality furniture at deep value fills an important need in the market today, and along with the authenticity of the Bob’s brand, should drive sustainable growth for years to come.

“We look forward to supporting the management team in executing their plan to grow and offer more customers the opportunity to shop at Bob’s Discount Furniture.”

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