Bain Capital Sells Coherent Shares Worth Up to $2.3 Billion

Bain Capital has initiated the sale of an unregistered block of Coherent shares, valued at up to $2.3 billion, according to sources. Bloomberg posted on X that this move marks the latest reduction of the private equity firm's stake in the laser equipment manufacturer. The sale reflects Bain Capital's ongoing strategy to adjust its investment portfolio. Coherent, known for its advanced laser technology, has been a significant part of Bain's holdings. The decision to sell comes amid a broader trend of private equity firms reassessing their positions in various sectors. Details about the specific number of shares or the timeline for the sale were not disclosed.