Deal Details

Bob's Discount Furniture Completes $330.7 Million Initial Public Offering

Consumer

Bob's Discount Furniture initial public offering

Summary

Bob’s Discount Furniture, Inc. (“Bob’s Discount Furniture” or “Bob’s”), a portfolio company of Bain Capital, L.P. (“Bain Capital”), recently priced its initial public offering of 19,450,000 shares of its common stock at a price to the public of $17.00 per share, generating gross proceeds of approximately $330.7 million (the “Offering”). The underwriters have a 30-day option to purchase up to an additional 2,917,500 shares of common stock from an existing shareholder (the “Selling Stockholder”). Bob’s will not receive any proceeds from any sale of shares by the selling stockholder. Bob’s intends to use the net proceeds from the offering to repay debt.

Baird served as a co-manager on this Offering.

About

Bob’s Discount Furniture is a high-growth, national omnichannel retailer of value home furnishings with more than 200 showrooms across the United States. Since its founding in 1991, Bob’s has built ethos as a trusted and reliable brand offering superior value and service, without compromising on quality or style. Bob’s business model is anchored in delivering furniture at “Everyday Low Prices,” and at the heart of Bob’s success is not just the value of its furniture, but the team members who bring its promises to life every day. From showroom to living room, it’s their people who make Bob’s feel like home. Bob’s is headquartered in Manchester, Connecticut.

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. Bain Capital is committed to creating lasting impact for investors, portfolio companies and the communities in which we live. As a private partnership, Bain Capital leads with conviction and a culture of collaboration, advantages that enable the firm to innovate investment approaches, unlock opportunities and create exceptional outcomes. Bain Capital’s global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets and Real Assets. In these focus areas, the firm brings deep sector expertise and wide-ranging capabilities. Bain Capital has 24 offices on four continents, more than 1,900 employees and approximately $215 billion in assets under management. Bain Capital is headquartered in Boston, Massachusetts.

Consumer

Bob's Discount Furniture initial public offering