Bob's Discount Furniture sold to Bain Capital

|By:, SA News Editor

Bob's Discount Furniture changes P-E hands, going to Bain Capital from Apax Partners.

A deal for the furniture store chain is believed to be in the neighborhood of $350M.

The company is in an aggressive expansion mode and in some markets competes with La-Z-Boy (LZB +0.7%), Tempur Sealy (TPX +0.4%), Bassett Furniture (BSET -0.2%), Ethan Allen (ETH -0.3%), and Pier 1 Imports (PIR -0.3%).