Mitt Romney’s Bain Capital has purchased 50 percent of TOMS, the One For One shoe, eyewear, and fashion social enterprise that has been providing products to kids in need from every customer’s purchase.
Bain’s investment now values TOMS at $625 million dollars. Kevin Jones, who led the Social Capital Markets conference in San Francisco’s Bay Area, says, “TOMS is a company that shows you can make money investing in companies with a mission baked in. Changing demand from a more conscious breed of consumer is expanding the possibilities of more companies like this. I am seeing some of the biggest opportunities in financial inclusion; smart phones and big data mean you can make a lot of money reducing the cost of being poor.”