Former education company backed by Bain Capital rises from the ashes through a reverse merger with the electric vehicle charging business of Newlink, another Bain-backed Chinese company. Life after death-by-regulation looks pretty good for one company in China’s defunct after-school tutoring sector. While many of its peers have shut down, Bain-backed Rise Education Cayman Ltd. (NASDAQ:NAAS) is swapping its defunct English language education business for the red-hot electric vehicle (EV) sector through a merger with the EV charging business of Newlink, an internet of things (IOT) energy company also backed by Bain.