Apr 21, 2021 - Economy & Business

Bain Capital considers doubling down on Toshiba

Photo: Kiyoshi Ota/Bloomberg via Getty Images

Bain Capital is considering a takeover bid for Toshiba, after the Japanese conglomerate fired its CEO and dismissed a $20 billion approach by CVC Capital Partners, according to Reuters.

Why it matters: This would be Bain's second mega-deal with the company. The consulting firm paid $18 billion for the Toshiba's flash memory unit in 2018, which currently stands as the largest-ever leveraged buyout of an Asian company.

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