Japan’s INCJ to compete with PE on national interest grounds
Innovation Network Corp of Japan (INCJ) is prepared to compete with privately-owned firms where doing so would be in the country's national interest. It comes after the Japanese government fund was said to be mulling making an offer last month for Renesas, the chipmaker KKR is also vying for.
Kimikazu Noumi, president and CEO of INCJ, said his three-year old vehicle doesn't tend to go head-to-head with private investors, and has withdrawn from potential transactions when bids have come in from...
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