Bain Capital considers doubling down on Toshiba

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.