Bain Raises USD608 Million in Follow-On Offering of Intermédica Shares
Posted On: 18 Jun 2019 | Source(s): Grupo Notre Dame Intermédica
Global private equity firm Bain Capital has partially exited its stake in Brazil-listed health care provider Grupo Notre Dame Intermédica (GNDI), generating gross proceeds of BRL2.37 billion (approximately USD608 million). Bain sold 60 million shares for BRL39.50 (approximately USD10) per share. Bain originally acquired GNDI for BRL2 billion (USD861 million) in 2014. The offering was the firm’s second follow-on share sale since GNDI’s initial public offering in April 2018.