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From the far, far reaches of the globe, the stories of Bain & Company are legend ...

Bain's siren call still beckons ... to those with extraordinary drive.


Our history

Bain & Company Tokyo has a long history in the Bain network. Refer to the timeline below for a list of our accomplishments throughout the years.


1973 -- Bain & Company, Inc. established in Boston, MA, USA

Bain was established in 1973 when Bill Bain and four other consultants left the management consulting firm where they had been working. They founded Bain & Company based on a strong desire to pursue and create new consulting value. It is here that the roots of the entrepreneurial spirit that Bain emphasizes to the current day. Bill Bain and the others saw true consulting value as "not simply submitting a report with strategy recommendations, but providing comprehensive support from the formulation of strategies to their implementation." In line with this belief, Bain's corporate philosophy is "focusing on results."   
[...]

1984 -- Bain Capital established

Bain Capital was formed as a separate entity by former Bain consultants to further leverage Bain's results creation capability. Bain Capital is a venture capital company; it is not a sister company nor a division of Bain.   

1985 -- Mission statement formulated

A mission statement of Bain's fundamental guiding principles was formulated and shared within the organization. Those principles still guide the firm today.   

Early 1990s

The early 1990s brought major change to Bain. Bain's growing presence in Asia -- Beijing, Hong Kong, Seoul, and Singapore -- was as affected as the rest of the firm.

Under the new leadership, Bain reinforced its management structures in order to further pursue the consulting values which originally inspired the founding of the company.
[...]


1984?  Hmmm ... what else happened at Bain Co that year?   Stay tuned ... that's chapter two.


Bain & Company

Our mission

Bain & Company's mission is

to help our clients create such high levels of economic value that together we set new standards of excellence in our respective industries.
This mission demands:

   * The Bain vision of the most productive client relationship and single-minded dedication to achieving it with each client
   * The Bain community of extraordinary teams
   * The Bain approach to creating value, based on a sharp competitive and customer focus, the most effective analytic techniques, and our process for collaboration with the client

We believe that accomplishing our mission will redefine the management consulting business, and will provide new levels of rewards for our clients and for our organization.


[A glowing Bain & Company self-promotional video]


OK, and here is the primary "result" of that sharply focused Bain Co "mission" ...
Bain & Company  

Measurable results

[...]

And our clients have outperformed the S&P 500 by more than 4 to 1. This performance is indicative of the unwavering commitment that we and our clients have to delivering extraordinary performance.


larger image


4 to 1 returns -- better than your typical IRA!  That's not 4% better -- but rather 400% better growth than your average Joe.


There you have it -- the "True North" mission of  Bain & Company -- Extraordinary Profits.

A mission-driven one-percenter could get used to this!


What happens when those extraordinary 4 to 1 profit rates, turn out to be NOT enough?

Simple -- you create a corporate entity capable of Getting MORE.


Enter Bain Capital -- the uniquely structured, uniquely empowered division creation of Bain & Company, where only 'the sky would be the limit' (quite literally given their global track record).


Bain Capital

[Home Page]

Bain Capital is one of the world's leading private, alternative asset management firms whose affiliates manage approximately $65 billion. Our principals are the largest single investor in each of Bain Capital's funds, which aligns the interests of the firm with our investors and the long-term objectives of the management teams.


Bain Capital Private Equity

About Bain Capital

Established in 1984, Bain Capital is one of the world's leading private investment firms managing approximately $65 billion in assets under management. Our affiliated advisors make private equity, public equity, leveraged debt asset, venture capital, and absolute return investments across multiple sectors, industries, and asset classes. Since our inception, our competitive advantage has been grounded in a people-intensive, value-added investment approach that has enabled the firm to deliver industry-leading returns for our investors.


Bain Capital Private Equity

Approach

Our mission at Bain Capital is to produce superior investment returns for our investors. To accomplish this, Bain Capital follows three fundamental principles that have driven the firm for more than 28 years: a high-performance culture, value-added approach to investing, and leveraging our institutional advantages. Our adherence to these principles has enabled Bain Capital to attract and retain some of the industry's most talented investment specialists, and to consistently generate industry-leading returns.
[...]

Value-Added Approach

[...] Bain Capital provides the needed support to successfully implement effective business plans that include acquisition development programs, corporate capital restructuring, scalable expansions designed to leverage competitive advantages, and strategies for improving operating earnings.

Institutional Advantage

The partnership culture that Bain Capital cultivates internally and with its portfolio companies allows for strong business synergies to be realized throughout the firm's global network. Bain Capital's affiliates manage several distinct pools of capital, each requiring a specialized skill set and unique collection of resources available to the firm.

Kind of makes you wonder if that "unique collection of resources" includes any poverty-wage workers, who have been synergetically "pooled" from the "firm's global network," eh?


[Image Source:  elijahmckenzie.wordpress.com -- Outsourcing:  Golden promises and American dreams ]

Afterall "Labor" is considered "Capital" according to their private economic models. Just another variable to be "tweaked" ... just another "cost" to be cut.

... and cut, ... and cut.


And there's that kick-off year of 1984 again.  Hmmm ... What else happened that landmark year?

Well Bain & Company created Bain Capital.  And a certain one-percenter stepped up to lead that new entity ...


He created jobs, closed factories, made enemies and inspired colleagues.

by Bob Drogin, Times Staff Writer, LATimes  -- Dec 16, 2007

[...]
In speeches, and on his campaign website, Romney offers few details about his role as a high-stakes corporate deal maker, however. He usually calls himself an entrepreneur, or cites his years in "venture capital," implying he only launched new companies or nurtured their growth.

His record is more complex -- and more controversial.

From 1984 until 1999, Romney led Bain Capital, a Boston-based private equity group that earned jaw-dropping profits through leveraged buyouts, debt hedge funds, offshore tax havens and other financial strategies. In some cases, Romney's team closed U.S. factories, causing hundreds of layoffs, or pocketed huge fees shortly before companies collapsed.

Even Romney's staunchest supporters acknowledge that his business record exposes him to criticism.
[...]


Like him or hate him, the guy sure knows how to "get {cough} results" ... for his "{cough} Clients" ... Here's a tediously "complex" case in point, on how those "results" are typically gotten:

Bain Capital -- wikipedia

[...]
Bain's investment in Dade Behring represented a significant investment in the medical diagnostics industry. In 1994, Bain, together with Goldman Sachs Capital Partners completed a carveout acquisition of Dade International,[46] the medical diagnostics division of Baxter International in a $440 million acquisition. Dade's private equity owners merged the company with DuPont's in vitro diagnostics business in May 1996 and subsequently with the Behring Diagnostics division of Hoechst AG in 1997.[47] Aventis, the successor of Hoechst, acquired 52% of the combined company.[48] In 1999, the company reported $1.3 billion of revenue and completed a $1.25 billion leveraged recapitalization that resulted in a payout to shareholders.[47] The dividend, taken together with other previous shareholder dividends resulted in an eightfold return on investment to Bain Capital and Goldman Sachs.[20][37] [...]
"An eightfold return on investment to Bain Capital" ... that would be MORE !

More than a piddly little 4 to 1 return on investment that Bain & Company "clients" had learned to expect.

An insatiable, extraordinarily greed-driven, one-percenter could get used to this!


Makes you wonder what ROI tricks Mitt's got in store for his next act, eh?

How do you top 8 to 1 returns?


I'm sure mega-millions Mitt has the unquenchable drive, and the far-flung connections, to find a way ...

Afterall they are on a Mission, are they not?


Hmmm ... there's always that "Greedy-Government Tax Code" that could use some "Bain restructuring" ...

He probably could squeeze at least 12 to 1 return on investment out of that institution ... just give Romney & Co the uniquely-American opportunity, to leverage those resources.

Just give them time, and the "limitless" opportunity ... to keep on out-performing for their private-entity clients.  American-style.



Originally posted to Digging up those Facts ... for over 8 years. on Tue Jul 17, 2012 at 03:25 PM PDT.

Also republished by The Bain Files.

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