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AMERICAS
New Mountain Capital-backed Grant Thornton Advisors completes the acquisition of CBIZ in a $5bn deal.
New Mountain Capital-backed Grant Thornton Advisors, an audit, tax, legal, payroll, and accounting services provider, completed the acquisition of CBIZ, a professional services advisor, in a $5bn deal, according to press releases.
CBIZ was advised by Goldman Sachs (led by Luke G. and Jeff Douthit), Weil Gotshal and Manges (led by Michael J. Aiello) and Teneo (led by Jack Flaherty). Grant Thornton Advisors was advised by BMO Capital Markets, Bank of America, Deutsche Bank, JP Morgan, Jefferies & Co, RBC Capital Markets, UBS, Hunton Andrews Kurth, Mayer Brown (led by Paul Theiss), Simpson Thacher & Bartlett, Goldin Solutions and Kekst CNC (led by Daniel Yunger). Debt financing was provided by JP Morgan. JP Morgan was advised by Latham & Watkins (led by Stelios Saffos, Peter J. Sluka, Andrew Blumenthal). New Mountain Capital was advised by Evercore, according to press releases and MergerLinks data.
Stonepeak completes the acquisition of a 65% stake in Castrol from BP at a $10.1bn enterprise value.
Stonepeak, an alternative investment firm specializing in infrastructure and real assets, completed the acquisition of a 65% stake in Castrol, an oil company that markets industrial and automotive lubricants, from BP, an oil and petrochemicals company, at a $10.1bn enterprise value, according to press releases.
Apollo, a private equity firm, completed the acquisition of acquire a minority stake in Apex Service Partners, a home services platform that partners with and supports HVAC, plumbing, and electrical service companies, from Alpine Investors, a private equity firm, for $2bn, according to press releases.
Apex Service Partners was advised by Evercore, Goldman Sachs, and Kirkland & Ellis. Apollo was advised by JP Morgan, Jefferies & Company, William Blair & Co, and Akin Gump Strauss Hauer & Feld. Alpine Investors was advised by Evercore, Goldman Sachs, Kirkland & Ellis, and Edelman (led by Jordan Niezelski) , according to press releases and MergerLinks data.
MacLean Power Systems, Blackstone Energy Transition Partners, Blackstone Capital Partners, and Centerbridge Partners, completed the acquisition of Delta Star, a provider of power transformers and mobile substation solutions, according to press releases. Financial terms were not disclosed.
Delta Star was advised by Wells Fargo Securities, Hunton Andrews Kurth,
Johnson Legal Group, Woods Rogers and Collected Strategies (led by Dan Moore). MacLean Power Systems was advised by Barclays, JP Morgan, Jefferies & Company, UBS, Blake Cassels & Graydon and Vinson & Elkins (led by Robert Hughes and Jordan Fossee), according to press releases and MergerLinks data.
One Rock Capital Partners, a private equity firm, agreed to acquire a 70% stake in the North American coffee business of Kraft Heinz, a manufacturer of branded food and beverage products, at a $650m valuation, according to press releases.
One Rock Capital Partners is advised by Deutsche Bank, Fifth Third, Latham & Watkins and Profile Advisors (led by Mike Geller). Kraft Heinz was advised by Centerview Partners, Rothschild & Co and McGuireWoods, according to press releases.
Stonepeak, a private equity firm, completed the acquisition of the transportation and vendor finance businesses of BMO Financial Group, a Canadian financial services provider, according to press releases. Financial terms were not disclosed.
BMO Financial Group was advised by BMO Capital Markets, Bank of America, Osler Hoskin & Harcourt and Sullivan & Cromwell. Stonepeak was advised by Blake Cassels & Graydon, Skadden Arps Slate Meagher & Flom (led by Jeffrey Brill) and FGS Global (led by Kevin Siegel), according to press releases , according to press releases and MergerLinks data.
L Squared, an investment firm, completed the acquisition of Edko, a provider of regulatory-driven vegetation management services for critical infrastructure assets, from Incline Equity Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
Edko was advised by Piper Sandler, Stifel and K&L Gates. L Squared was advised by Stout Capital and Skadden Arps Slate Meagher & Flom. Debt financing was provided by BMO Capital Markets and Ares Capital, according to press releases.
Linden Capital Partners and Nautic Partners, the private equity firms, completed the investment in AnewHealth, an independent pharmacy care management company. Vistria, an existing AnewHealth shareholder, rolled over a minority stake in the transaction, according to press releases. Financial terms were not disclosed.
AnewHealth was advised by Cantor Fitzgerald, Morgan Stanley and Kirkland & Ellis. Linden Capital Partners was advised by Houlihan Lokey, Goodwin and McDermott Will & Schulte. Nautic Partners was advised by Kirkland & Ellis, according to press releases.
Platinum Equity, a private equity firm, completed the acquisition of Warren Valve, a provider of industrial valves in cast, forged, and welded-body forms, from Allied Group, worldwide provider of manufacturing and distribution of critical application fittings, flanges, valves, pipe, and related products, according to press releases. Financial terms were not disclosed.
Allied Group was advised by Jefferies & Company and Baker Botts. Platinum Equity was advised by Fifth Third Bank, Gibson Dunn & Crutcher and Willkie Farr & Gallagher. Warren Valve was advised by Shiels PLLC, according to press releases and MergerLinks data.
Investment firms Blackstone Credit & Insurance, CPP Investments, Ontario Municipal Employees Retirement System, Investment Management Corporation of Ontario and Public Sector Pension Investment Board agreed to acquire a 49.9% stake in the LNG Canada liquefaction business of Mitsubishi, a Japan-based multinational conglomerate engaged in energy, infrastructure, and industrial projects, for $3.1bn, according to press releases.
Blackstone is advised by Goldman Sachs, Scotiabank, Kirkland & Ellis and Stikeman Elliott. Mitsubishi is advised by RBC Capital Markets, according to press releases.
Protective, a financial services holding company and a subsidiary of Daiichi Life Group, completed the acquisition of Obsidian, a property, casualty, and specialty insurance platform, from Genstar Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Protective was advised by Oliver Wyman, Citigroup and Willkie Farr & Gallagher (led by David Heales, Sarah Wong and Alexander M. Dye). Genstar Capital is advised by Ropes & Gray and FGS Global, according to press releases and MergerLinks data.
Hull Street Energy, a US-based private equity firm, completed the acquisition of the US operations of FirstLight, a clean energy company that owns and operates hydroelectric generation and energy storage assets, from PSP Investments, a Canadian pension fund investment manager, according to press releases. Financial terms were not disclosed.
Hull Street Energy was advised by DLA Piper and Troutman Pepper Locke.
PSP Investments was advised by Evercore, Foley Hoag and Latham & Watkins (led by David Kurzweil, Edmond R. Parhami and Lucas Quass), according to press releases and MergerLinks data.
Spectrum Brands and Oaktree-backed Empower Brands, a provider of commercial and residential cleaning services, offered to acquire Helen of Troy, a company distributing consumer products worldwide, at a $1.6bn valuation.
Helen of Troy is advised by Bank of America. Empower Brands is advised by UBS, Davis Polk & Wardwell and Prosek Partners (led by Danielle O’Brien and Ross Lovern), according to press releases.
The Andersons, a US-based diversified agribusiness and renewables company, agreed to acquire Harvestone Low Carbon Partners, an operator of low-carbon ethanol production and carbon capture assets, from Energy Capital Partners, a private equity firm, for $915m.
The Andersons is advised by Goldman Sachs and Polsinelli. Debt financing was provided by Farm Credit Mid-America and US Bank, according to press releases.
Transom Capital, a private equity firm, agreed to acquire Cree LED, a manufacturer of LED chips and components for lighting, displays and specialty applications, from Penguin Solutions, a US-based AI infrastructure and memory solutions company, according to press releases. Financial terms were not disclosed.
Transom Capital is advised by Kirkland & Ellis and Prosek Partners. Penguin Solutions is advised by Lazard and Latham & Watkins (led by Tessa Bernhardt and Mark M. Bekheit), according to press releases and MergerLinks data.
Nexus Capital Management, a Los Angeles-based alternative asset management firm, completed the acquisition of Coldwater Creek, an online women's apparel retailer, and Soft Surroundings, a consumer apparel retailer, from Newtimes Group, a provider of apparel product development and end-to-end supply chain services, according to press releases. Financial terms were not disclosed.
Nexus Capital Management was advised by Robert W Baird and Paul Weiss Rifkind Wharton & Garrison (led by Bianca Levin-Soler). Coldwater Creek was advised by The Sage Group and Greenberg Traurig, according to press releases and MergerLinks data.
EQT-backed SatPort, a satellite ground infrastructure platform, completed the acquisition of the global teleport infrastructure business of Centerbridge Partners-backed Speedcast, a US-based communications and IT services provider, according to press releases. Financial terms were not disclosed.
EQT Infrastructure was advised by Deutsche Bank and Paul Weiss Rifkind Wharton & Garrison. Speedcast was advised by Guggenheim Partners and Kirkland & Ellis, according to press releases.
GrowthCurve Capital, a New York-based private equity firm, completed the acquisition of majority stake in TailorMed, a platform providing end-to-end solutions around medication access, affordability, and adherence, according to press releases. Financial terms were not disclosed.
GrowthCurve Capital was advised by Paul Weiss Rifkind Wharton & Garrison (led by Chris Machera and David Hong) and Gagnier Communications (led by Dan Gagnier). TailorMed was advised by Leerink Partners and Parallel Communications Group (led by Glenn Goldberg), according to press releases and MergerLinks data.
Crane Company, an industrial manufacturing and technology company, completed the acquisition of the US pump business from First Reserve-backed Trillium Flow Technologies, a provider of engineered flow-control products and aftermarket services, for $240m, according to press releases.
Curewell Capital, a growth-oriented investment firm, agreed to acquire a majority stake in ECA Medical, a US-based manufacturer of single-use surgical instruments and medical devices, from LongueVue Capital, a private equity firm, according to press releases. Financial terms were not disclosed.
Curewell Capital is advised by Kirkland & Ellis. ECA Medical and LongueVue Capital are advised by Solomon Partners and Norton Rose Fulbright, according to press releases.
Levine Leichtman Capital Partners, a private equity firm, completed the acquisition of a minority stake in Concentric Energy Advisors, a consulting and advisory firm serving the North American utility and energy industry, according to press releases. Financial terms were not disclosed.
LLCP was advised by Honigman Miller Schwartz & Cohn. Concentric Energy Advisors was advised by Seyfarth Shaw, according to press releases.
Capital One Ventures, the venture capital investment arm of Capital One, led a $150m Series C funding round in Sentra, a provider of AI-driven enterprise data security solutions, with participation from Bessemer Venture Partners, Zeev Ventures, Standard Investments, Munich Re Ventures and Key1 Capital, according to press releases.
Gencom, a US-based real estate investment and hospitality firm, and White Bridge Capital, a private real estate investment and lending advisory firm, completed the acquisition of InterContinental Miami for $300m, according to press releases.
Gencom was advised by Schwartz Media Strategies (led by Yudi Fernández Kim), according to press releases.
Wellington, a global investment management firm, and Sequoia, a US-based venture capital firm, led a $1bn Series G round in Kalshi, a developer of an online financial trading platform, with participation from Baillie Gifford, Stripes, Andreessen Horowitz, Coatue, Layer Global, Morgan Stanley Investment Management, CapitalG, Hudson River Trading, and Balyasny Asset Management, according to press releases.
CVR Energy nears $4bn-plus acquisition of Marathon Petroleum refineries. ( WSJ)
Carl Icahn-backed CVR Energy is nearing a deal worth more than $4bn to acquire refineries from Marathon Petroleum.
The potential acquisition comes amid rising refining margins driven by fuel supply disruptions linked to conflicts in Iran and Ukraine. The companies could announce the deal on November 3.
CD&R weighs take-private bid for payments firm Global Payments. ( Reuters)
Private equity firm CD&R is exploring a potential take-private transaction for payments processor Global Payments. Discussions remain at an early stage and there is no certainty that a deal will be reached.
Shares of Global Payments rose more than 11% in afternoon trading following the report.
Goldman and Apollo are in talks to sell SpaceX's $40bn AI deal. ( Bloomberg)
Goldman Sachs and Apollo Global Management are approaching investors to sell portions of a roughly $40bn financing package for SpaceX’s AI chip infrastructure.
The multi-tranche deal, structured to keep the debt off SpaceX’s balance sheet, is the largest GPU financing arrangement of its kind on record.
Applebee’s owner Dine Brands adopts poison pill to fend off takeover bid. ( Bloomberg)
Dine Brands Global, the parent company of Applebee’s, has adopted a poison pill defense to guard against a potential takeover attempt by investment firms Cobblers Cove Capital and Arkhouse Management.
The company's board approved a limited-duration shareholder rights plan after reports emerged of a significant accumulation of its shares and related derivatives.
OpenAI slashes funding target by $10bn as tech anxieties mount. ( FT)
OpenAI has cut the target for its latest funding round to about $20bn from $30bn and lowered its desired valuation to $1.25tn from $1.4tn, as a selloff in technology stocks weighs on investor appetite for AI-related deals.
A UAE investor group including MGX is expected to be the largest participant, while Founders Fund, Coatue, Sequoia Capital and Andreessen Horowitz are also expected to invest. The first close may come in below $20bn after some investors reduced allocations, while OpenAI is also pursuing a 2027 listing.
Vista and Elliott-backed Cloud Software Group seeks $2bn debt refinancing. ( Bloomberg)
Cloud Software Group, backed by Vista Equity Partners and Elliott Investment Management, is seeking to refinance part of its outstanding debt through a $2bn senior secured notes offering.
The company, which owns Citrix and Tibco, launched the transaction to address upcoming debt maturities in 2029.
I Squared Capital closes second infrastructure credit strategy with $3bn of commitments. ( Press Release)
I Squared Capital has closed its second Global Infrastructure Credit Fund at more than $2.4bn, over four times the size of its predecessor. Including co-investment commitments and expected commitments, the strategy totals $3bn, double its original target.
The fund focuses on senior secured lending to mid-market infrastructure businesses across North America and Europe, including energy, digital infrastructure and transportation. Approximately 37% of its capital has already been committed across seven investments.
Carlyle hires Apollo's Alexander Simoes for credit origination role. ( Bloomberg)
Alexander Simoes is leaving Apollo to join Carlyle Group's credit business as a managing director.
Simoes will join Carlyle's direct lending origination team, marking the firm's latest hire in its private credit operations.
EMEA
PAI Partners to acquire ELEMIS from L’OCCITANE Group.
PAI Partners, a pre-eminent private equity firm, agreed to acquire ELEMIS, a globally recognised British prestige skincare brand, from L’OCCITANE Group, an international manufacturer and retailer of premium and sustainable beauty and wellness products, according to press releases. Financial terms were not disclosed.
PAI Partners is advised by PricewaterhouseCoopers, Perella Weinberg Partners, Raymond James, A&O Shearman, Greenbrook (led by Peter Hewer), H/Advisors (led by Estelle Bleuze) and ICR (led by Brian Ruby). L’OCCITANE Group is advised by Ernst & Young, Morgan Stanley, The CFI Group and Skadden Arps Slate Meagher & Flom (led by Arash Attar-Rezvani), according to press releases.
Soho Square Capital, a private equity firm, completed an investment in Skiddle, the UK’s independent ticketing platform, according to press releases. Financial terms were not disclosed.
Skiddle was advised by BDO, KPMG, Addleshaw Goddard and GCS Insight. Soho Square Capital was advised by Sustainable Advantage, Ernst & Young, Hogan Lovells Cadwalader, Grant Thornton, Seedcloud Advisory and Kepler Communications, according to press releases.
FSN Capital, a private equity firm, agreed to acquire Zenitel, a global provider of premium certified, intercom and public address and general/voice alarm systems, from 3d investors, an investment firm, according to press releases. Financial terms were not disclosed.
FSN Capital is advised by PricewaterhouseCoopers, Howden, Marsh, McKinsey & Company, Evercore, Dorsey & Whitney, Stibbe, Thommessen, Wolf Theiss and Implement Consulting Group, according to press releases.
Bridgepoint Group to acquire a majority stake in BATISANTÉ from IK Partners.
Bridgepoint Group, a global mid-market alternative investment firm, agreed to acquire a majority stake in BATISANTÉ, a French provider of building safety and regulatory compliance services, from IK Partners, a European private equity firm, according to press releases. Financial terms were not disclosed.
Bridgepoint Group is advised by Evercore, Jefferies & Company, Latham & Watkins, Osborne Clarke, Alvarez & Marsal, Indefi and D&A Corporate Finance. BATISANTÉ is advised by Callisto, Claris Avocats and A7tax. IK Partners is advised by Eight Advisory, Rothschild & Co, Willkie Farr & Gallagher and Arsene, according to press releases.
Finch Capital-backed Fourthline, an identity verification and compliance provider, completed the merger with Veridas, a recognised international digital identity provider, according to press releases. Financial terms were not disclosed.
Veridas was advised by Ernst & Young, TD Securities, AKD and Perez Llorca. Fourthline was advised by Act Legal Spain and Orange Clover. Debt financing was provided by AshGrove. Finch Capital was advised by Lexense, according to press releases and MergerLinks data.
A group of private equity firms, including Hellman & Friedman, Francisco Partners, KKR and Silver Lake, agreed to invest in TeamSystem, a European technology and AI company, according to press releases. Financial terms were not disclosed.
TeamSystem and Hellman & Friedman are advised by Evercore and FGS Global (led by Sam Moodie). Francisco Partners is advised by Morgan Stanley, Goodwin (led by Anu Balasubramanian), OC&C Strategy Consultants and Prosek Partners, according to press releases.
Vusion completes the acquisition of In-Store Media from Arta Capital for €250m.
Vusion, a retail technology company, completed the acquisition of In-Store Media, an omnichannel retail media company from Arta Capital, a private equity firm, for €250m ($278m), according to press releases.
In-Store Media was advised by GBS Finance, Mizuho Securities and Baker McKenzie. Vusion was advised by JP Morgan and White & Case, according to press releases and MergerLinks data.
Cinven, a private equity firm, agreed to acquire Theramex, a UK-based specialty pharmaceutical company focused on women's health, from Carlyle and PAI Partners, the private equity firms, at a €2.6bn valuation, according to press releases and MergerLinks data.
APSEZ, an integrated ports and logistics company, agreed to acquire Evos, an operator of liquid bulk storage and tank terminal company, from Igneo Infrastructure Partners, a global infrastructure manager and the direct infrastructure team of the First Sentier Group, at an enterprise value of €2.56bn ($2.88bn), according to press releases.
APSEZ is advised by Linklaters and Cyril Amarchand Mangaldas. Debt financing is provided by MUFG, according to press releases.
Cordatus Capital, a Dallas-based private equity firm, completed the acquisition of a majority stake in Diamabrush, an American manufacturer of chemical-free, diamond-based abrasive tools and floor maintenance systems, according to press releases. Financial terms were not disclosed.
Cordatus Capital was advised by Foley & Lardner. Diamabrush was advised by Lincoln International and Bass Berry & Sims, according to press releases.
Autoneum, an internationally active Swiss automotive supplier, agreed to acquire Trèves Group, a supplier of automotive acoustic, thermal insulation, interior trim and trunk solutions, from BPIfrance, an investment firm, for €64m ($71.4m), according to press releases.
BPI France is advised by UBS, according to MergerLinks data.
BPCE, a major French banking group, agreed to acquire GamaLife, an insurer specializing in life savings, retirement and personal protection policies, from Apax Partners, a private equity firm, according to press releases. Financial terms were not disclosed.
Apax Partners is advised by Nomura, according to MergerLinks data.
Saudi Aramco, the state-owned national oil and natural gas company of Saudi Arabia, completed the acquisition of a 49% stake in Humain, a full-stack AI developer, from PIF, a global and domestic investor, according to press releases. Financial terms were not disclosed.
TDR Capital agrees €400m deal to acquire Lovehoney. ( SkyNews)
TDR Capital, the private equity firm that owns Asda and Britain's largest pub operator, has agreed to acquire Lovehoney Group in a deal valued at roughly €400m ($446m).
The agreement follows extensive discussions with Lovehoney's shareholders, including Jacobs Capital, and marks a significant transaction in the fast-growing intimate wellness sector.
China's Genertec is said to mull buying Swiss firm Kellenberger. ( Bloomberg)
China’s state-owned Genertec is considering acquiring Swiss precision machinery manufacturer Kellenberger from US private equity firm Centre Lane Partners in a potential $400m transaction.
The proposed acquisition remains under consideration, with no agreement reached.
Apollo announces the launch of European Credit Company. ( Press Release)
Apollo has launched European Credit Company (ECC), a pan-European lending platform with more than €10bn ($11.2bn) in initial lending capacity, backed by investors including ADIC, Athora, Norinchukin Bank, Standard Chartered and Aranda Principal Strategies.
ECC will provide corporate and asset-backed financing to large and mid-market businesses across Europe, focusing on sectors including infrastructure, energy transition and real estate. The platform will be led by CEO Giacomo Petrobelli and Chairman Christian Meissner.
Igneo Infrastructure Partners closes EDIF IV at €6bn hard cap. ( Press Release)
Igneo Infrastructure Partners has closed its fourth European Diversified Infrastructure Fund at its €6bn (6.7bn) hard cap, exceeding its €4bn ($4.48bn) target and attracting commitments from more than 90 investors globally.
Creandum closes $750m fund VIII, its largest ever. ( Bloomberg)
Creandum has closed its eighth venture capital fund at €668m ($750m), making it the firm’s largest fund to date and approximately 34% larger than its €500m ($560m) predecessor raised in 2024.
The fund will target pre-seed to Series A investments across Europe, with a focus on opportunities shaped by artificial intelligence. Creandum also plans to expand its San Francisco presence, supported by commitments from approximately 30 institutional investors across Europe and the US.
APAC
PAG-backed Everest Holdings, an investment holding platform, agreed to acquire a 51.016% stake in Evergrande Property Services Group, a property management and community services company, from Evergrande Group, an integrated residential property developer, for $514m, according to press releases.
Everest Holdings is advised by Goldman Sachs. Evergrande Property Services Group is advised by Altus Capital. Evergrande Group is advised by UBS, according to press releases and MergerLinks data.
The Siena Group and Ciel Investment Management to acquire Golfzon County from MBK Partners for $1.3bn.
The Siena Group, a resort and golf course operator, and Ciel Investment Management, a private equity fund manager, agreed to acquire Golfzon County, a golf course operator, from MBK Partners, a private equity firm, for $1.3bn, according to press releases.
MBK Partners is advised by Morgan Stanley, according to MergerLinks data.
Japan's JIC plans to sell JSR to Mitsui Chemicals in over $8.2b deal. ( DealStreetAsia)
Japan Investment is planning to sell semiconductor materials maker JSR to Mitsui Chemicals in a transaction that could exceed JPY1.3tn ($8.2bn).
The potential sale comes amid rising valuations for chip-related companies driven by AI investment, with a final decision expected within the month.
CVC's sale of Vietnam hospital group stalls as bids fall short. ( DealStreetAsia)
CVC Capital Partners is progressing with the potential sale of Vietnamese maternal and infant healthcare provider Phuong Chau, in which it acquired a 60% stake for $116m in 2022.
The sale process highlights a widening gap between buyer and seller valuation expectations in Southeast Asia’s M&A market.
Vietnamese tech firm VNG is said to consider reviving US listing. ( Bloomberg)
GIC-backed Vietnamese technology company VNG Group is considering reviving plans for a US initial public offering that could raise around $300m at a valuation of up to $3bn.
The company has approached financial advisers about the potential listing, which could take place as soon as 2027.
Encube Ethicals said to plan $317m India IPO this month. (Bloomberg)
Quadria Capital-backed Encube Ethicals is preparing for an initial public offering in Mumbai that could raise approximately INR30bn ($317m).
The contract pharmaceutical manufacturer has begun investor meetings and is targeting a launch in the second half of November 2026, although the timing remains subject to change.
Insignia Ventures in talks to lead funding round for Indonesia's URU Underwear. ( DealStreetAsia)
Insignia Ventures Partners is in discussions to lead a funding round for Indonesian intimate apparel brand URU Underwear to support its expansion.
Founded in 2023, URU specialises in women's intimate apparel and everyday essentials, focusing on comfort, product innovation and technology-driven design.
TPG closes first Asia mid-cap fund at $1.3bn above target. ( DealStreetAsia)
TPG has raised $1.3bn for its inaugural Asia growth equity fund, TPG Emerging Companies Asia, exceeding its fundraising target as the alternative asset manager broadens its presence in the region.
The fund is focused on investing in mid-cap companies across Asia's developed markets. TPG confirmed the successful close of the fund during its third-quarter earnings call.
Bain Capital raises over $1.8bn for third Asia special situations fund. ( SEC Announcement)
Bain Capital has raised more than $1.8bn for its third Asia special situations fund. Its predecessor fund closed with more than $2bn in 2022.
The strategy invests across flexible debt, structured equity and hybrid capital in Asia-Pacific, targeting situations that sit between traditional private equity and senior lending. Bain Capital’s special situations platform manages about $25bn globally.
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