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Bain Capital Buys Majority Stake in Bob's Discount Furniture

The deal should close by the end of the first business quarter in 2014.

By Michael Hardman

Bain Capital, a Boston private equity firm, is adding Bob's Discount Furniture to its list of retail brands they have bought into, according a report in the Boston Globe. 

Bain is expected to close on the deal by the end of the first quarter. No financial terms were released, but the Wall Street Journal reported it could be more than $350 million.

Bob's chief executive officer Ted English is reportedly staying with the company.

The 16th largest furniture chain in the country, Bob's has 47 stores in the northeast and mid-Atlantic region, including eight in Connecticut (Bridgeport, Brookfield, Manchester, Newington, Niantic, Orange, Southington and Stamford). 

Bob Kaufman, the co-founder of Bob's, is known for appearing in the company's TV commercials. 

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