Key Takeaways
- • Bain Capital provided a €130 million dual-currency senior credit facility to support JLL Partners' acquisition of Life Couriers, a Munich-based healthcare and life sciences logistics provider, according to citybiz.
- • Bain Capital's Private Credit Group acted as lead lender and administrative agent on the financing; financial terms of the acquisition beyond the credit facility were not disclosed.
- • Life Couriers, operated by SLS Group GmbH with nearly 50 years of experience, serves six segments including radiopharma, stem cell onboard, direct-to-patient, pharma freight and emergency logistics.
- • The deal deepens an existing relationship between Bain Capital Credit and JLL Partners, which have worked together on several financings in recent years.
- • Bain Capital Credit's Private Credit Group managed approximately $24 billion as of June 30, 2026, and targets middle-market companies with EBITDA of $10 million to $150 million.
Summary
Bain Capital has provided a €130 million dual-currency senior credit facility to support JLL Partners' acquisition of Life Couriers, a Munich, Germany-based provider of specialized healthcare and life sciences logistics services. Bain Capital's Private Credit Group served as lead lender and administrative agent for the financing, according to the citybiz report. Financial terms of the acquisition itself were not disclosed beyond the credit facility.
Life Couriers specializes in transporting time-sensitive medical materials, pharmaceutical products and other healthcare shipments requiring specialized handling. Headquartered in Munich and operated by SLS Group GmbH, the company has nearly 50 years of experience and operates across the United States, Europe, Central America and Asia. Its services span six business segments: radiopharma, life sciences, stem cell onboard, direct-to-patient, pharma freight and emergency logistics, serving healthcare providers, pharmaceutical manufacturers and research organizations.
JLL Partners, a middle-market private equity firm focused on healthcare, industrials and business services, was founded in 1988 and has invested approximately $9 billion in equity across 61 platform investments. It plans to support Life Couriers' continued growth and expansion. Garrett Hall, managing director at JLL Partners, said the Bain Capital Credit team's understanding of the healthcare and life sciences logistics space made it possible to deliver a financing solution that met the company's specific needs.
Brad Charchut, partner at Bain Capital Credit, said the firm has seen firsthand the healthcare sector expertise JLL brings to its portfolio companies. Graham Mellen, director at Bain Capital Credit, described Life Couriers as having built a uniquely specialized healthcare logistics platform. Bain Capital Credit's Private Credit Group, which operates across North America, Europe and Asia Pacific, targets middle-market companies with EBITDA generally between $10 million and $150 million and managed approximately $24 billion as of June 30, 2026. Bain Capital, founded in 1984, manages approximately $230 billion across private equity, growth and venture, capital solutions, credit and real assets.
Life Couriers specializes in transporting time-sensitive medical materials, pharmaceutical products and other healthcare shipments requiring specialized handling. Headquartered in Munich and operated by SLS Group GmbH, the company has nearly 50 years of experience and operates across the United States, Europe, Central America and Asia. Its services span six business segments: radiopharma, life sciences, stem cell onboard, direct-to-patient, pharma freight and emergency logistics, serving healthcare providers, pharmaceutical manufacturers and research organizations.
JLL Partners, a middle-market private equity firm focused on healthcare, industrials and business services, was founded in 1988 and has invested approximately $9 billion in equity across 61 platform investments. It plans to support Life Couriers' continued growth and expansion. Garrett Hall, managing director at JLL Partners, said the Bain Capital Credit team's understanding of the healthcare and life sciences logistics space made it possible to deliver a financing solution that met the company's specific needs.
Brad Charchut, partner at Bain Capital Credit, said the firm has seen firsthand the healthcare sector expertise JLL brings to its portfolio companies. Graham Mellen, director at Bain Capital Credit, described Life Couriers as having built a uniquely specialized healthcare logistics platform. Bain Capital Credit's Private Credit Group, which operates across North America, Europe and Asia Pacific, targets middle-market companies with EBITDA generally between $10 million and $150 million and managed approximately $24 billion as of June 30, 2026. Bain Capital, founded in 1984, manages approximately $230 billion across private equity, growth and venture, capital solutions, credit and real assets.
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