Bain buys stake in Bionexo

Bain buys stake in Bionexo

M&A Equity Healthcare Technology Funds Asset Management Brazil United States

US investment firm Bain Capital said Friday that it agreed to buy a stake in Brazilian medical software company Bionexo for BRL450 million ($82.7 million), money to fund investments in artificial intelligence and pursue acquisitions. Bain did not say what size stake it had acquired, but Bionexo said in a securities filing on Thursday that it sold 37.3% for up to BRL300 million. The São Paulo-based technology firm added that Bain will subscribe to a BRL200 million capital increase for 21% and als

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