Bain Capital Raises $238M For Warranty Co. SquareTrade

Law360, New York (January 25, 2012, 2:14 PM EST) -- The private equity and venture capital arms of Boston-based Bain Capital LLC and its affiliates are injecting $238 million into San Francisco-based consumer warranty company SquareTrade Inc., the companies announced Wednesday.

Bain Capital Partners and Bain Capital Ventures raised the funds to propel the next stage of growth for the online company, which offers independent warranties for appliances and electronics through its website, as well as through brick-and-mortar retailers. Financial terms of the transaction were not disclosed on Wednesday.

Prior investors for the company include Weston...
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