Bain and Advent Team Up on a Fresh Bid for Brazil's Amil

Key Facts

—The move. Bain Capital has teamed with fellow buyout firm Advent on a new proposal for Amil, one of Brazil’s largest health insurers, according to Estadao.

—The seller. Owner Jose Seripieri Filho is said to be open to selling a stake while keeping control.

—The asset. Amil is Brazil’s fourth-largest insurer, with about 5.4 million members, 31 hospitals and revenue near R$26 billion (US$5.0 billion).

—The history. Seripieri bought Amil from UnitedHealth in late 2023 for about R$11 billion (US$2.1 billion), most of it assumed debt.