Bain Capital is close to finalizing a deal for a stake in IT services provider E...
LONDON/MILAN - Bain Capital is close to finalizing a deal for a stake in IT services provider Engineering Ingegneria Informatica that would see the U.S. investor share ownership of one of Italy’s biggest technology companies, sources told Reuters.
If successful, Bain will become the biggest investor in the Rome-based IT company in tandem with NB Renaissance Partners, an investment platform backed by New York-based Neuberger Berman.The pair first invested in Engineering in 2016 and is now expected to part ways, with Apax selling its stake to Bain, the sources said.
Apax kicked off the sale earlier this year in a bid to take advantage of the company’s positive performance and high growth rate following a series of bolt-on deals including the recent purchase of cybersecurity firm Cybertech.
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