Bain Capital agrees to acquire Bob's Discount Furniture

Bain Capital has agreed to buy a majority stake in Bob’s Discount Furniture. No financial terms were disclosed for the transaction, which is expected to close in the first quarter of 2014. Headquartered in Manchester, Conn., Bob's Discount Furniture is a retailer of low-cost furnishings. BofA Merrill Lynch is advising Bob's Discount Furniture on the deal. RBC and UBS are providing financing for the transaction. Bob's Discount Furniture was owned by private equity firms KarpReilly and Apax.

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