Bain Capital is in advanced talks to buy outsourcing firm VXI Global Solutions from Carlyle Group, people familiar with the matter said, five years after selling its stake in the business to its private equity rival. The company, which could be valued at $1.5 billion to $2 billion (around R30 billion) in a sale, had drawn interest from buyout firms including Bain Capital and Baring Private Equity Asia, Bloomberg News reported last month. Carlyle became the majority shareholder in VXI in 2017 after acquiring a stake from owners including Bain. Bain Capital was founded in 1984 by executives from consulting firm Bain and Company, including Mitt Romney, who would eventually be the Republican party's losing presidential candidate in 2012. According to their website, "as separate company, Bain Capital shares no management or information with Bain and Company".

Source: News 24 January 17, 2022 07:55 UTC