Bain-led Toshiba carve-out approved by Chinese regulators
A consortium led by Bain Capital Private Equity has won approval for the acquisition of Toshiba Memory Corporation (TMC) from China’s antitrust authorities, clearing the last major obstacle to the JPY2 trillion ($17.8 billion) transaction closing.
It is set to be the largest private equity-backed transaction ever seen in Asia by enterprise value. Given the deal was announced in 2017, TMC was a significant contributor as PE investment in the region...
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