Investing.com -- On Tuesday, Bain Capital reached an agreement to acquire a majority stake in Namirial SpA, an Italian software developer, according to Bloomberg News, citing sources familiar with the matter. The deal values Namirial at approximately €1.1 billion ($1.2 billion). This transaction marks a significant shift in ownership from the current private equity firm Ambienta to Bain Capital.

Enrico Giacomelli, the founder of Namirial, along with the company’s management team, which is led by CEO Max Pellegrini, will continue to hold a significant portion of the company’s shares. The continuity of leadership is expected to provide stability for Namirial during the transition of majority ownership.

The acquisition is poised to be publicly announced within the week, signaling the culmination of negotiations between the involved parties. Bain Capital’s investment is anticipated to support Namirial’s future growth and expansion strategies.

The financial details of the transaction were provided to Bloomberg by sources who wished to remain anonymous due to the private nature of the discussions. The acquisition is a strategic move for Bain Capital, as it expands its portfolio with a substantial investment in the technology sector.

Namirial’s valuation at €1.1 billion highlights the company’s market position and the potential that Bain Capital sees in the software developer’s products and services. With Bain Capital’s backing, Namirial is set to continue its trajectory in the software development industry.

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