Bain Capital makes $1.2b offer for Australian auto parts retailer Bapcor

Bain Capital makes $1.2b offer for Australian auto parts retailer Bapcor

Bain Capital Ventures logo is seen as displayed on an iPhone screen. Photo: Ipsita Ray/DEALSTREETASIA

Australia’s Bapcor Ltd confirmed on Tuesday that it had received a proposal from private equity firm Bain Capital to buy the automotive parts retailer in a deal that valued its equity at A$1.83 billion ($1.21 billion).