Bain Capital to beef up Toshiba Reminiscence pursue chip sector acquisitions
TOKYO (Reuters) - Bain Capital, which led the $18 billion acquisition of Toshiba Reminiscence Corp, stated on Monday it plans to beef up the trade in pursuing acquisitions within the chip business.
“I consider our financing energy will allow Toshiba Reminiscence interact in large-scale M&A offers,” Yuji Sugimoto, head of Bain Capital in Japan, stated at a information convention after its consortium finished the deal remaining week.
Bain will grasp discussions with Toshiba Reminiscence president Yasuo Naruke on what sort of applied sciences or acquisitions could be wanted strategically for the corporate forward, he added.
Naruke stated the company would in the long run want more than a few applied sciences on the subject of subsequent era reminiscence chips.
Ultimate September, the Bain consortium received an extended and extremely contentious fight for Toshiba Corp’s chip trade, the sector’s No. 2 manufacturer of NAND chips.
Toshiba Corp, which put the trade up on the market after billions of greenbacks in price overruns at its Westinghouse nuclear unit plunged it into disaster, has reinvested in its former unit and now owns more or less 40 %.
Reporting by means of Makiko Yamazaki; Enhancing by means of Edwina Gibbs
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