Bain Capital Private Equity

• Eaton Fiber to Acquire Ripple Fiber in a $1.5 Billion Investment Led by Bain Capital and Tillman

  July 29, 2026

  Buyer

  Eaton Fiber, Bain Capital, Tillman Global Holdings

  Target

  Ripple Fiber

  Seller

  Platform Investment Partners, KLT

  Industry

  Telecommunications

  Location

  North Carolina, United States

  Type

  Addon

  Bain Capital and Tillman Global Holdings announced a $1.5 billion investment in Eaton Fiber (a Tillman affiliate) to accelerate Verizon fiber broadband expansion across the United States. In connection with the investment, Eaton Fiber has entered into a definitive agreement to acquire Ripple Fiber, with Ripple Fiber’s existing shareholders (Platform Investment Partners and KLT) continuing to back the Eaton Fiber platform alongside Tillman and Bain Capital.

• EQT AB Raises Takeover Bid for Perpetual to A$2.55 Billion (US$1.78 Billion)

  July 27, 2026

  Buyer

  EQT AB, Bain Capital

  Target

  Perpetual Limited

  Industry

  Financial Services

  Location

  New South Wales, Australia

  Type

  Buyout

  Swedish private equity firm EQT AB increased its takeover offer for Australian financial services company Perpetual to A$2.55 billion (about US$1.78 billion). Perpetual said it has not made a recommendation to shareholders regarding the revised bid, which remains conditional, including completion of Perpetual’s planned sale of its wealth management unit to Bain Capital.

• Bain Capital Agrees to Acquire Vitabiotics and VB Group Operations

  July 27, 2026

  Buyer

  Bain Capital

  Target

  Vitabiotics, VB Group, Meyer Organics, VB Egypt

  Industry

  Healthcare Services

  Location

  London, United Kingdom

  Type

  Buyout

  Bain Capital has agreed to acquire Vitabiotics, the UK’s leading vitamin company, along with its wider VB Group operations. The deal is intended to support Vitabiotics’ next phase of international growth, including scaling its presence in markets such as India, MENA, and China.

• Bain Capital Acquires SupplyOn to Expand European Supply Chain Software Platform

  July 20, 2026

  Buyer

  Bain Capital

  Target

  SupplyOn

  Seller

  AUMOVIO, Bosch, Schaeffler, ZF

  Industry

  Cloud & SaaS

  Location

  Germany

  Type

  Buyout

  Bain Capital has agreed to acquire SupplyOn, a European cloud-based supply chain collaboration platform used by manufacturers and suppliers in advanced manufacturing industries. The deal is subject to customary closing conditions and regulatory approvals, with Bain planning product and AI enhancements and expanded sales and marketing, including defense sector growth.

• LY Corporation and Bain Capital Propose $4.1 Billion to Acquire Kakaku.com

  July 2, 2026

  Buyer

  LY Corporation, Bain Capital

  Target

  Kakaku.com

  Industry

  E-Commerce

  Location

  Tokyo, Japan

  Type

  Buyout

  LY Corporation and Bain Capital have submitted a legally binding proposal to acquire all common shares of Kakaku.com and take the company private via a cash tender offer. The proposal values Kakaku.com at about $4.1 billion (JPY 3,384 per share), with a potential increase to JPY 3,500 per share if a non-tender agreement with KDDI is executed.

• Bain Capital Private Equity Takes Majority Stake in FDH Aero

  June 8, 2026

  Buyer

  Bain Capital Private Equity, Audax Private Equity

  Target

  FDH Aero

  Industry

  IT Services

  Location

  California, United States

  Type

  Buyout

  FDH Aero entered into a definitive agreement to receive a majority investment from Bain Capital Private Equity, with Audax Private Equity (the company’s majority shareholder since 2017) expected to remain a significant investor. The partnership is intended to fund FDH’s next phase of growth through continued investment in capabilities, its service model, global reach, and strategic acquisitions.

• Novo Holdings Makes Strategic Growth Investment in HST Pathways (Alongside Bain Capital and Nexxus Holdings)

  June 5, 2026

  Buyer

  Novo Holdings, Bain Capital, Nexxus Holdings

  Target

  HST Pathways

  Industry

  Cloud & SaaS

  Location

  United States

  Type

  Growth capital

  HST Pathways, a provider of cloud-based software purpose-built for ambulatory surgery centers (ASCs), announced a strategic growth investment from Novo Holdings. Novo Holdings joins existing investors Bain Capital and Nexxus Holdings to support HST’s next phase of growth, including accelerating its AI and agentic product roadmap for ASC operations.

• Power Home Remodeling Secures Growth Investment from Bain Capital, Sixth Street, and Harvest Partners Structured Capital

  May 5, 2026

  Buyer

  Bain Capital, Sixth Street, Harvest Partners Structured Capital

  Target

  Power Home Remodeling

  Industry

  Professional Services

  Location

  Pennsylvania, United States

  Type

  Growth capital

  Power Home Remodeling (POWER) announced it secured growth investment from Bain Capital, Sixth Street, and Harvest Partners Structured Capital. The investors will partner with management and existing investor Harvest Partners to fund POWER’s continued footprint expansion and investment in its proprietary operating platform.

• Bain Capital Invests in Positec Group

  April 10, 2026

  Buyer

  Bain Capital

  Target

  Positec Group

  Industry

  Consumer Products

  Location

  United States

  Type

  Growth capital

  Bain Capital announced an investment in Positec Group (Positec), a global cordless power tools and advanced outdoor power equipment company. The capital will support Positec’s next phase of international expansion, product innovation, and growth in high-growth categories such as electrification and robotics.

• 3M and Bain Capital Form Joint Venture to Acquire Madison Fire & Rescue

  March 19, 2026

  Buyer

  3M, Bain Capital

  Target

  Madison Fire & Rescue, Madison Fire 60 Rescue, Madison Fire 6 Rescue, Scott Safety

  Seller

  Madison Industries

  Industry

  Industrial Services

  Location

  Minnesota, United States

  Type

  Buyout

  3M entered into a definitive agreement with Bain Capital to form a new joint venture to acquire Madison Fire & Rescue for $1.95 billion. Under the deal, 3M will contribute its Scott Safety business and receive $700 million in cash at closing, with 3M owning 50.1% and Bain Capital owning 49.9%. The transaction is expected to close in the second half of 2026, subject to customary conditions.

• Bain Capital Takes Strategic Growth Investment Stake in Duravent Group

  March 18, 2026

  Buyer

  Bain Capital

  Target

  Duravent Group

  Industry

  Industrial Services

  Location

  Michigan, United States

  Type

  Growth capital

  Duravent Group, a venting and air quality solutions provider for HVAC professionals, announced it secured a significant strategic growth investment from Bain Capital. Bain will partner with Duravent’s leadership and existing investor Egeria to accelerate growth, deepen category leadership, and expand the platform through organic investment and strategic acquisitions.

• Bain Capital Private Equity to Acquire Perpetual Wealth Management

  March 16, 2026

  Buyer

  Bain Capital Private Equity, Bain Capital (Private Equity team in Australia)

  Target

  Perpetual Wealth Management, Perpetual Wealth Management Group, Perpetual PWM Services Pty Ltd (holding company for the Perpetual Wealth Management Group)

  Seller

  Perpetual (Perpetual Limited)

  Industry

  Wealth Management

  Location

  Australia

  Type

  Buyout

  Perpetual has entered into a binding agreement to sell its Wealth Management business (the Perpetual Wealth Management Group) to Bain Capital Private Equity for A$500 million upfront, with additional contingent payments tied to performance and an earnout of up to A$50 million. The deal is expected to complete toward the end of calendar year 2026, subject to regulatory approvals including FIRB and the ACCC, as well as Perpetual’s corporate restructuring and separation of the business.

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