Bain Spends $851M To Beef Up Brazil Health Holdings

Law360, New York (March 25, 2014, 2:04 PM EDT) -- Private equity mainstay Bain Capital LLC on Tuesday confirmed it had scooped up Brazilian health insurer Grupo Notre Dame Intermedica to deepen its toehold in the country's health industry in a deal that multiple reports pegged at 2 billion Brazilian reais ($851 million).

The news comes a day after reports trickled out that the Boston firm struck an agreement over the weekend to lift ownership from Intermedica owner and founder Paulo Barbanti. The market-leading company, headquartered in Sao Paolo, provides health and dental plans to more...
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