Bain Leads $700 Million Funding in Berlin Brands Group
- Company founder Chaljawski to keep most of the e-commerce firm
- Berlin Brands owns 14 brands selling range of goods online
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Private equity firm Bain Capital is buying a minority stake in Berlin Brands Group and will lead a $700 million debt and equity investment to fund the e-commerce company’s expansion.
Bain has agreed to buy out Ardian’s stake of more than 40% in the company, while Chief Executive Officer and founder Peter Chaljawski will retain a majority of its shares, he said in an interview.