Bain Capital considering bid to take Toshiba private -sources
By Scott Murdoch and Kane Wu
Reuters
HONG KONG (Reuters) -Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said, making it one of several firms said to be interested in taking the Japanese conglomerate private.
The U.S. firm has entered into discussions with Japanese banks including the core units of Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group Inc to secure funding, one of the people said.
A preliminary $20 billion buyout offer from CVC Capital Partners this month put Toshiba in play. Toshiba, however, on Tuesday dismissed the CVC bid as lacking in substance although it said it would consider any credible offers.
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HONG KONG (Reuters) - Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said.
The Japanese conglomerate on Tuesday dismissed a $20 billion buyout offer from CVC Capital Partners as lacking substance but said it would consider any credible offers.
CVC had initially approached Bain about a joint bid before its offer was made public but Bain was not interested, one of the people said.
Bain has entered into discussions with Japanese banks including the core units of Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group to secure funding, the person said.
By Syndicated Content
By Scott Murdoch and Kane Wu
HONG KONG (Reuters) - Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said.
The Japanese conglomerate on Tuesday dismissed a $20 billion buyout offer from CVC Capital Partners as lacking substance but said it would consider any credible offers.
CVC had initially approached Bain about a joint bid before its offer was made public but Bain was not interested, one of the people said.
Bain has entered into discussions with Japanese banks including the core units of Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group to secure funding, the person said.
Publishing date: Apr 21, 2021 • 1 hour ago • 2 minute read •
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HONG KONG Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said.
The Japanese conglomerate on Tuesday dismissed a $20 billion buyout offer from CVC Capital Partners as lacking substance but said it would consider any credible offers.
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CVC had initially approached Bain about a joint bid before its offer was made public but Bain was not interested, one of the people said.
Bain Capital said to weigh bid to take Toshiba private
PHOTO: REUTERS/Yuriko Nakao/File Photo
April 21, 2021
Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said.
The Japanese conglomerate on Tuesday dismissed a $20 billion buyout offer from CVC Capital Partners as lacking substance but said it would consider any credible offers.
CVC had initially approached Bain about a joint bid before its offer was made public but Bain was not interested, one of the people said.
Bain has entered into discussions with Japanese banks including the core units of Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group to secure funding, the person said.