Bain fends off rival bid, clinches $1.2b deal to buy Nichiigakkan

Bain fends off rival bid, clinches $1.2b deal to buy Nichiigakkan

Bain Capital fended off a last-minute challenge from rival private equity firm Baring Private Equity Asia (BPEA), clinching a $1.2 billion deal on Tuesday to buy aged-care facility operator Nichiigakkan with a lower bid.

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