Bain Capital Private Equity LP made a significant investment in A Cloud Guru Ltd. through its Bain Capital Tech Opportunities fund.
The cloud learning platform provider's existing backers, Elephant Partners, Summit Partners LP and AirTree Ventures Pty. Ltd., also participated in the investment.
The investment was part of A Cloud Guru's purchase of cloud computing training platform Linux Academy Inc. The merged entity will be led by A Cloud Guru CEO Sam Kroonenburg.
Separately, Notre Dame Intermédica Participações SA and a Bain Capital-managed fund in Brazil sold roughly 5 billion reais of the Brazilian healthcare provider's shares in a public offering at a price of 57 reais apiece, Bloomberg News reported, citing a Dec. 12 regulatory filing. The offering comprised 65 million shares sold by the company for 3.71 billion reais in proceeds and 22.8 million shares sold by the private equity firm for net proceeds of 1.3 billion reais.
The Bain fund, which owned a 27% stake in Notre Dame before the offering, sold its interest as part of an overallotment option. The new shares was scheduled to start trading Dec. 13.
Banco Itau BBA, JP Morgan, Banco Bradesco BBI, Citigroup Global Markets, Morgan Stanley, Banco Santander Brasil, Credit Suisse and UBS are the banks for the Notre Dame offering.
William Blair & Co. LLC was the exclusive financial adviser to Linux on the deal with A Cloud Guru.
As of Dec. 17, US$1 was equivalent to 4.06 Brazilian reais.