Bain Capital Acquires Joint Control Stake in Manappuram Finance

Bain Capital to Acquire 90% Stake in Adani Capital and Adani Housing Finance

July 23, 2023

Financial Services

Bain Capital has entered into a definitive agreement to acquire 90% of Adani Capital and Adani Housing (Adani Housing Finance), buying out the Adani family's private investments while Gaurav Gupta will roll his stake and remain CEO. Bain is committing approximately $120 million (INR 1,000 crore) of primary capital and providing a $50 million liquidity line to support growth as the lenders scale MSME, housing and rural lending; the deal is expected to close in Q4 2023 subject to approvals.

Bain Capital Acquires 24.98% Stake in IIFL Wealth Management

March 30, 2022

Financial Services

Bain Capital agreed to acquire a 24.98% equity stake in IIFL Wealth Management Ltd from General Atlantic Singapore Fund Pte. Ltd. and FIH Mauritius Investments Ltd (a subsidiary of Fairfax India Holdings Corporation). The minority investment will support IIFL Wealth's continued growth across wealth and alternative asset management in India and is subject to customary regulatory approvals.

Bain Capital Private Equity Acquires Inetum S.A. from Mannai Corporation

July 21, 2022

IT Services

Bain Capital Private Equity, together with NB Renaissance and the Inetum management team, has completed the acquisition of approximately 99% of Inetum S.A.'s share capital from Mannai Corporation QPSC. The buyout will support Inetum's UPSCALE25 strategic plan to accelerate growth and expand its IT services capabilities across Europe, Africa and Latin America.

Bain Capital Acquires Controlling Stake in Archwest Capital

July 8, 2024

Financial Services

Bain Capital has made a significant growth investment to acquire a controlling stake in Archwest Capital, a national lender focused on non-owner-occupied residential and multifamily real estate financing. Management, led by CEO Shawn Miller, will retain a meaningful minority stake; financial terms were not disclosed. Bain will provide capital and operational resources to help Archwest scale its suite of fix-and-flip, bridge, construction, rental and multifamily lending products.

TPG Acquires 99.02% Stake in Poonawalla Housing Finance

July 27, 2023

Financial Services

TPG, through its Asia-focused private equity platform TPG Capital Asia, has completed the acquisition of a 99.02% equity stake in Poonawalla Housing Finance Limited from Poonawalla Fincorp Limited and will infuse up to INR 1,000 crore of additional equity to support growth. PHFL is a pan‑India affordable housing finance company with a deep branch network and ~Rs. 6,571 crore AUM (Jun'23); TPG intends to partner with existing management to scale the business in the affordable housing segment.

Bain Capital Tech Opportunities Takes Minority Stake in iManage

April 11, 2023

Cloud & SaaS

Bain Capital Tech Opportunities, the tech-focused investment arm of Bain Capital, has made a minority growth investment in iManage to accelerate the enterprise software company’s cloud and AI product development and global growth. iManage will continue to be led by CEO and co-founder Neil Araujo and will use the capital to deepen its product capabilities and expand in its core legal, accounting, and financial services markets.