Bain Is Said to Near €4 Billion Deal for PAI-Backed Apleona

Bain Capital is in advanced talks to acquire German facility management company Apleona Group GmbH in a deal valued at about €4 billion ($4.2 billion), according to people familiar with the matter.

Apleona’s private equity owner PAI Partners is negotiating final terms of a potential transaction with Bain, said the people, who asked not to be identified as the information is private. An agreement could be announced as soon as the coming days, the people said.