Posted on Tuesday, June 05 2018 @ 13:34 CEST by Thomas De Maesschalck
Some fresh news about Toshiba Memory. The deal to sell this unit to a consortium led by private equity firm Bain Capital closed on Friday, June 1
and now we hear that Bain Capital is prepared to offer support in pursuing M&A deals in the chip industry. The private equity firm said this includes potentially large deals, so it looks like we may see some interesting action in the near future:
The U.S. private equity firm and Toshiba Memory will discuss what kind of technologies or acquisitions will be required, with Toshiba Memory president Yasuo Naruke noting that in the longer term technology relating to next generation memory chips would be needed.
“I believe our financing power will enable Toshiba Memory engage in large-scale M&A deals,” Yuji Sugimoto, head of Bain Capital in Japan, told a news conference following the completion of the deal last week.
Furthermore, we also learn that Toshiba has reinvested in Toshiba Memory, and now holds a 40 percent stake in the company.
