June 18, 2019 |
Bain Capital stands to earn up to BRL2.82bn ($725m) from the sale of shares in the Brazilian healthcare provider NotreDame Intermédica.
The São Paulo-based company said Alkes II, an investment fund from the US private equity firm, will sell at least 50m shares in Intermédica, but it could increase the offer by as much as 35% to meet demand.
Shares in Intermédica rose 2.1% after the announcement to close at BRL41.76 on Monday.
Bain earned BRL2.4bn from the sale of 92.4m shares in Intermédica in a
US private equity firm could cash in another $700m from the Brazilian healthcare company