Bain Capital keeps building Latin America presence with Grupo Notre Dame Intermedica deal


dentist_lrgGlobal private equity major Bain Capital has agreed a deal for Brazilian health and dental plan provider Grupo Notre Dame Intermedica.

Bain will buy the business from founder Paula Barbanti. GNDI provides healthcare services to more than 7,000 companies and over three million people.

The buyout house said the agreement reinforced its goal to build its presence in Brazil and the broader Latin America region.

Bain Capital managing director Chris Gordon said, “Private healthcare systems around the world continue to move toward an integrated payor-provider model as the best means of delivering high-quality, cost-effective healthcare.

“GNDI has long been a leading global example of the power of this care delivery model, and we’re excited to partner with Dr Barbanti to support the company’s continued growth and delivery of top quality healthcare to our customers.”

Earlier today it emerged that Bain Capital was ready to close its latest flagship fund on its $6bn target before the end of the month.

The Boston-based firm has reached the total for Fund XI after just over 18 months in the market according to PEI.

Bain closed its last flagship vehicle on $10bn in 2008, and has followed a popular industry strategy of setting its sights lower for the follow-up in the aftermath of the financial crisis.

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