ImpactAlpha, April 7 — Boston-based private equity firm Bain Capital Double Impact has made an investment in Hand in Hand via its second, $800 million Double Impact fund, which is targeting environmental sustainability, health and wellness, and workforce development and education (see, “Bain Capital raises $800 million for second Double Impact fund”).
The company makes vegan and palm oil-free bar and liquid soaps, hand sanitizers, and lotions and donates soap in Haiti and Cambodia. Bain’s Cecilia Chao told ImpactAlpha the investment in Hand in Hand is “an opportunity to build awareness and expand channel distribution and product categories” for sustainable personal care products.
Eds and meds
Hand in Hand is the fund’s third investment. Bain backed Seattle-based TeachTown, which makes software for educators, clinicians and parents of students with special learning needs, and Baltimore-based health provider Multi-Specialty Healthcare, which treats injuries for low-income, underinsured workers and their families.