US-headquartered private equity group Bain Capital has joined KKR in temporarily closing down its London office due to the global coronavirus outbreak after an employee was confirmed to have contracted the virus.
The individual with a confirmed case of Covid-19 has not been in the office in the past 13 days and is recovering well, according to reports.
Bain Capital, which has USD105 billion in assets under management, did not want to comment on when it expects its London office to re-open.
Located in Mayfair, the branch houses 185 employees. Overall, Bain has 19 offices globally with more than 1,000 employees.
The firm has asked employees to work remotely with the office to remain shut until further notice, according to Private Equity News (PEN), who were the first to report on the news.
Bain Capital is postponing its European credit symposium that was scheduled for 25 March.
Bain joins a line of financial organisations to send home employees due to the global virus outbreak, including Deutsche Bank and ECB in Frankfurt, and KKR in the UK.
KKR, who confirmed they closed down two London offices on Tuesday following the news that one of its employees tested positive for COVID-19, also urged its employees to work from home.