Add carrots and onion to Dutch oven; cook 6 to 8 minutes, stirring occasionally, until onions are softened. Stir in mushrooms and garlic; cook about 1 minute or until garlic is fragrant. Add tomato paste; stir to coat vegetables. Add wine, broth, thyme sprigs, beef and bacon. Heat to simmering. Reduce heat to medium-low; cover and cook 55 to 60 minutes or until beef and carrots are tender.