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3M Spins Off Scott Safety, Partners with Bain Capital

3/20/2026

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Summary

Story summary

3M plans to spin off its Scott Safety business and partner with Bain Capital to acquire Madison Fire & Rescue for $1.95 billion, with 3M retaining 50.1% ownership.
The deal is anticipated to close in the second half of 2026, enhancing 3M's safety portfolio.
Manappuram Finance Limited received approval from the Reserve Bank of India for Bain Capital's joint control acquisition, with Bain Capital investing approximately INR4,385 crore.
The acquisition is expected to be completed by March 31, 2026, giving Bain Capital a stake between 18.0% and 41.66% in Manappuram Finance.

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Story summary

3M plans to spin off its Scott Safety business and partner with Bain Capital to acquire Madison Fire & Rescue for $1.95 billion, with 3M retaining 50.1% ownership.
The deal is anticipated to close in the second half of 2026, enhancing 3M's safety portfolio.
Manappuram Finance Limited received approval from the Reserve Bank of India for Bain Capital's joint control acquisition, with Bain Capital investing approximately INR4,385 crore.
The acquisition is expected to be completed by March 31, 2026, giving Bain Capital a stake between 18.0% and 41.66% in Manappuram Finance.