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Founder of Bain & Co. and Bain Capital – William Bain Jr. Dies at 80

Founder of Bain & Co. and Bain Capital – William Bain Jr. Dies at 80

William (Bill) Bain Jr., the founder of Bain & Co. and Bain Capital, has died at the age of 80.  In 1973, He founded one of the world’s top management consulting firm, Bain & Company, and in 1984, founded Bain Capital, the world’s top 10 largest private equity firm by AUM today.  He was also the mentor of Republican presidential nominee Mitt Romney, who had held the role of Chief Executive of Bain Capital and Bain & Company.

“ William Bain Jr. had built one of the world’s top management consulting firm and private equity firm “

Bill graduated from Vanderbilt University in 1959 with a degree in History.  Upon graduation he worked in the university and and quickly rose to become the school’s director of development.  He caught the eye of Bruce Henderson, a Vanderbilt alum and founder of the Boston Consulting Group (BCG), one of the world’s top management consulting firm.  Despite Bill’s lack of business education or significant business experience, Bruce recognized Bill’s enormous talent and asked him to join BCG.  In 1967, he accepted the role and moved to Boston.

In 1973, left BCG and founded Bain & Company, a corporate strategy consulting firm.  Bain & Company grew from 8 consultants in the first year to over 8,000 today in 55 offices globally.  In 1984, Bill founded Bain Capital, a private equity firm and has more than $85 billion Assets under Management.

William Bain Jr. was born on 30th July 1937 in Johnson City in the state of Tennesee in United States.  He is survived by his wife, 4 children and 3 grandchildren.

~ William is also known as Bill

Source: Chapman Cole & Gleason, Bloomberg, Boston Globe

 

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About Bain & Company

 

About Bain Capital

We are one of the world’s leading private multi-asset alternative investment firms with approximately $85 billion in assets under management that creates lasting impact for our investors, teams, businesses and the communities in which we live. Founded in 1984, we pioneered a consulting-based approach to private equity investing, partnering closely with management teams to offer the insights that challenge conventional thinking, build great businesses and improve operations. Over time, we have organically expanded this approach across asset classes to build one of the strongest alternative asset platforms in the world.

Visit: Bain Capital

 


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