Bain Capital is said to be nearing the completion of a purchase agreement for Avery Lodge, a dormitory company in Singapore owned by Blackstone Inc.
Sources familiar with the matter suggest that the potential deal could value Avery Lodge at around S$750 million ($566 million) to S$780 million.
The US investment firm has outbid other private equity firms and negotiations are expected to be finalized soon.
The details of the transaction are being kept confidential as the parties work on finalizing the arrangements.