Bain-Backed Intermedica’s Share Sale Raises $1.2 Billion (1)

Notre Dame Intermedica Participacoes SA and Bain Capital raised a combined $1.2 billion in a sale of the company’s shares, giving its largest holder another windfall from its Brazilian investment in a sign of rising investor demand in a growing niche of the health-care market.

Intermedica and a Bain-owned vehicle in Brazil sold 5 billion reais in shares in a public sale, with stock priced at 57 reais each, the company said in a regulatory filing Thursday. The company sold 65 million shares for proceeds of 3.71 billion reais, while Bain’s fund offered 22.8 million shares, netting 1.3 billion reais. ...