Bain Capital is a global alternative investment company headquartered in Boston, founded in 1984.In the course of the company’s history, it has made substantial investments and divestments in companies in many different industries. Including DocuSign, Jet.com, LinkedIn, Rapid7, Rent the Runway, SurveyMonkey and Taleo.
The company conducts its private equity activities through Bain Capital’s wholly-owned subsidiaries Bain Capital Private Equity and Bain Capital Ventures. As of June 2020, the company’s total assets under management exceed US$105 billion.
Private equity and venture capital firms such as Bain Capital are usually interested in holding portfolio companies for four to six years before finding a way to sell them and create profit. The following are five important holdings of the company as of June 2020.
Acorns is a robo-advisor that aims to make investments easier to obtain by allowing its users to make small investments and spare change by making small investments on its digital platform. Since its establishment in 2014, the Irvine, California-based company has grown to offer other types of products, including retirement savings accounts and debit cards.
In January 2019, Bain Capital participated in Series E financing, raising US$105 million, and Acorns was valued at US$860 million. Bain Capital has invested in the company before, but the latest round of financing has attracted attention because it puts Acorns ahead of rival Betterment in terms of valuation. Betterment was valued at US$800 million in the last round of financing in July 2017.
Bain Capital signed a deal in January 2019 to acquire a majority stake in the digital technology consulting and solutions company for an undisclosed amount.
Founded in 2014 and headquartered in Santa Clara, California, Brillio helps companies manage and execute “digital transformation” through its proprietary methods. This includes upgrading their existing technologies and business processes to more modern and efficient solutions. Brillio focuses on user experience design, digital applications, big data analysis, cloud technology, security solutions and digital engineering.The company’s well-known customers include Move Inc., Eventbrite and Verizon.
Lion Bridge Capital
Bain Capital purchased a majority stake in Lionbridge Capital in 2014 for an undisclosed amount, but at the time the company was valued at approximately US$157 million. Lion Bridge Capital is a Chinese financial company focused on providing liquidity solutions for Chinese SMEs. Specifically, the company provides financing to companies in the logistics, medical machinery, agriculture, and heavy manufacturing industries.
Founded in 2007, SigFig is a San Francisco-based robo-advisor and wealth management solution that aims to transform the retail investment industry. The company provides individual and corporate clients with investment platforms and solutions that combine automation with human expertise.
In 2013, Bain Capital was one of three venture capital companies that provided SigFig with US$15 million in Series B financing.Since then, SigFig has continued to raise more funds, including an equity financing of US$50 million in June 2018.
As a third-party risk management solution for the financial industry, companies can use Venminder services and solutions to review suppliers, collect documents, review contracts, obtain network security and risk monitoring, and ensure compliance. Its clients include banks, credit unions, brokerage companies, securities companies, non-bank lenders and payment companies.
Since 2013, Bain Capital has been investing in Venminder in Elizabethtown, Kentucky. The initial funding supports the startup of the company and additional market research. The company subsequently participated in additional rounds of financing in 2016, 2018 and 2019.