Bain Capital backs consulting firm CitiusTech

• CitiusTech was founded in 2005
• BPEA EQT combines the private equity teams from Baring Private Equity Asia and EQT Asia
• Currently, Bain Capital is managing $160 billion in total

Bain Capital Private Equity has invested in CitiusTech, a provider of technology and consulting services to healthcare and life sciences companies. No financial terms were disclosed.

With this transaction, Bain Capital is joining existing shareholder BPEA EQT who acquired a majority stake in CitiusTech in 2019.

CitiusTech was founded in 2005.

“CitiusTech has established itself as a leader in healthcare digital innovation and business transformation, and a trusted partner to blue-chip healthcare clients with a strong track record of delivery excellence,” said Samonnoi Banerjee, a managing director at Bain Capital Private Equity, in a statement. “We believe that our considerable healthcare and life sciences experience will be a significant asset to CitiusTech’s growth in a rapidly evolving healthcare technology marketplace.”

Bain Capital Private Equity launched in 1984. In addition to private equity, Bain Capital invests across asset classes including credit, public equity, venture capital, and real estate, managing approximately $160 billion in total.

BPEA EQT is part of EQT. BPEA EQT combines the private equity teams from Baring Private Equity Asia and EQT Asia.