Bain Capital

Firm said share plans are ‘incredibly rare’ in private equity-owned businesses

Payroll and HR software solutions business bought Benefex in 2018

Pensions, health and benefits admin business has 3,500 employees and 1,100 clients globally

Mercer sells UK admin arm to form employee benefits and pensions company Aptia

Member interest cited as a key concern of bringing the mutuals together

Chair steps down amid offer to create 'well-capitalised mutual'

Chair of LV= to step down after too few members voted for the deal

The Bain Capital bid will go to a shareholder vote next month