Case | HBS Case Collection | February 2012 (Revised November 2012)

Bain Capital: Outback Steakhouse

by Paul Gompers, Kristin Mugford and J. Daniel Kim

Abstract

Bain Capital had purchased Outback Steakhouse in 2007 and despite the myriad initiatives to improve operations, the financial collapse in 2008 threatened the company's ability to meet its loan covenants. Outback's performance steadily declined throughout the year. How should Bain Capital manage the company's debt while improving Outback's performance?

Keywords: Private Equity; Acquisition; Financial Services Industry; Food and Beverage Industry;

Citation:

Gompers, Paul, Kristin Mugford, and J. Daniel Kim. "Bain Capital: Outback Steakhouse." Harvard Business School Case 212-087, February 2012. (Revised November 2012.)