SYDNEY: Australian financial services firm Perpetual Limited (PPT.AX) has entered into a binding agreement to sell its wealth management business to Bain Capital Private Equity for up to A$550 million ($364 million), the company said on Monday, as it moves to simplify its operations and strengthen its balance sheet. The deal includes an upfront…
LONDON: Partners Group, one of the largest private markets investment managers globally, has agreed to sell its longstanding stake in PCI Pharma Services in a deal led by Bain Capital and Kohlberg & Company, the firms said on Tuesday. The transaction, which values PGPE Ltd’s interest in the global contract development and manufacturing organization…
MELBOURNE: Insignia Financial Ltd. (ASX: IFL), a leading Australian wealth manager, announced on March 7, 2025, that it has received revised non-binding takeover proposals from Bain Capital Private Equity, LP, and CC Capital Partners, LLC. Both firms have offered to acquire all shares in Insignia Financial at A$5.00 per share, representing an 8.7% increase from…
Bain Capital announced today it has signed a definitive agreement to acquire Mitsubishi Tanabe Pharma Corporation (MTPC) in a carve-out transaction from Mitsubishi Chemical Group Corporation. The acquisition values MTPC at approximately 510 billion JPY (3.3 billion USD) and is led by Bain Capital’s Private Equity teams in Asia and North America, along with its…
PowerSchool Holdings, Inc. (NYSE: PWSC), a premier provider of cloud-based software for K-12 education, has announced that it has entered into a definitive agreement to be acquired by Bain Capital. The transaction, valued at $5.6 billion, marks a substantial premium over PowerSchool’s last unaffected share price. Under the definitive agreement, PowerSchool stockholders will receive…
SYDNEY, AUSTRALIA: Iress Limited (IRE: ASX)has entered into a binding agreement to divest its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP for a total cash consideration of £85m. The sale marks a significant advancement in Iress’ transformation strategy to divest non-core assets and strengthen its balance sheet. Iress’ Mortgages…
SYDNEY, AUSTRALIA: Bain Capital, a global private equity firm, has agreed to acquire Estia Health, a leading Australian aged care provider, for $838 million in cash. The deal was announced on Monday by Estia Health, which said it had entered into a scheme implementation agreement with Bain Capital. Under the terms of the agreement,…
LONDON, UK: Rolls-Royce has signed a definitive agreement to sell 100% of ITP Aero to Bain Capital Private Equity, which is leading a consortium of investors, for approximately €1.7 billion. The consortium includes interests to be held by Spanish co-investors SAPA and JB Capital. The proposed sale is a key element of Rolls-Royce’s disposal…
SYDNEY: Virgin Australia moves to re-launch with the announcement that Bain Capital has entered into an agreement with its administrators to become the new owner of the airline. Virgin Australia will now work closely with Bain Capital on its vision for the business moving forward. Virgin Australia Chief Executive Officer and Managing Director, Paul…