Bain Capital and Neuberger Berman completed the acquisition of a controlling stake in Engineering Group from Apax Partners and NB Renaissance Partners for $1.8bn.

Bain Capital and Neuberger Berman completed the acquisition of a controlling stake in Engineering Group, an IT services provider, from private equity firms Apax Partners and NB Renaissance Partners for $1.8bn. "The Engineering Group is a key player in digitalisation with strong client relationships and a reputation for customer service, reliability and innovation. We believe the Engineering Group has the potential to grow further in a very fragmented market, both organically and through acquisitions, and look forward to partnering with the management team and Neuberger Berman to accelerate this, as we have done in other Italian technology companies, such as Teamsystem, Nexi and Cerved," Luca Bassi, Bain Capital Private Equity Managing Director.