Bain Capital continued its gradual investment drawdown in Brazilian medical conglomerate Notre Dame Intermedica through a follow-on share offering. Bain Capital sold 22.8m shares in a partial exit valued at R$1.3b.

(Bloomberg) 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.

Read more at Bloomberg.