Gymboree

bankrupt

Retail — Bain Capital

Deal Terms

Entry Year2010

Entry EV$1.8B

Entry Multiple8.5x

Leverage6x

Debt Amount$1.08B

Outcome

Exit Year2019

Risk Metrics

LTV (est.)60%

Debt / EV0.60x

Notes

Bain Capital $1.8B LBO. Bankrupt 2017, tried to restructure, bankrupt AGAIN 2019 — LIQUIDATED. All 800+ stores closed. Bain loaded $1B+ in debt on a children's clothing retailer. Brand sold for scraps to Children's Place.

Sponsor

Bain Capital$185B AUM

Hot Potato History

1993→Public Market

2010→Bain Capital($1.8B)

2017→Post-bankruptcy owners($0.3B)

Bankrupt TWICE (2017 and 2019). All 900+ stores closed. Brand name sold to The Children's Place for $76M.