Bain Capital is one of the world’s leading private, multi-asset investment firms, specializing in private equity, credit, public equity, venture capital and real estate, among other asset classes, across various industries. The firm manages approximately $175 billion in assets. Founded in 1984, Bain Capital’s investment strategy features a consulting-focused approach that prioritizes close relationships with management teams across the globe. Throughout all of its endeavors, Bain Capital retains a steadfast commitment to responsible business practices and premier environmental, social and governance (ESG) standards. The company operates via 24 locations worldwide, employing more than 1,600 team members. The firm has supported a wide range of charity and nonprofit organizations through the Bain Capital Community Partnership. Through the partnership, Bain Capital employees serve on more than 220 nonprofit boards. In addition, Bain Capital Children's Charity (BCCC) provides financial support to philanthropic organizations invested in providing opportunities for the youth. Founded in 1997, BCCC contributes to hundreds of organizations dedicated to education, healthcare, child development, and mentoring.
Bain Capital has reached an agreement to acquire Sizzling Platter, a restaurant platform, from CapitalSpring in a deal valued at over $1 billion, including debt. This information was reported by Bloomberg, citing sources familiar with the transaction who requested anonymity due to its confidential nature.
The deal was communicated to Sizzling Platter's bondholders on Wednesday. Jefferies and UBS are providing financing for the acquisition, highlighting the ongoing interest from lenders in sponsor-backed deals within the consumer and franchise restaurant sectors, despite recent market instability caused by global tariff announcements.
Both Bain Capital and CapitalSpring have chosen not to comment on the transaction, and Jefferies and UBS also declined to provide statements. Sizzling Platter, founded in Salt Lake City, manages a diverse range of fast-casual and quick-service restaurant franchises, including well-known brands like Dunkin’, Jersey Mike’s, Wingstop, Little Caesars, Cinnabon, Red Robin, and Jamba. The company has a secured bond worth $350 million that is set to mature in November 2024.
This acquisition represents Bain Capital's second significant transaction following the announcement of extensive trade tariffs by President Donald Trump, which have impacted several mergers and acquisitions. Earlier in the week, Bain also agreed to purchase HealthEdge from Blackstone, demonstrating the firm's commitment to investing in challenging market conditions.
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