In buying Toshiba, a little-known fund takes on Japan Inc’s toughest job 

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Deals

Reuters was first to report that a little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba. Japan Industrial Partners (JIP) is spearheading a $14 billion takeover that will see the troubled conglomerate delisted on Wednesday after 74 years on the Tokyo exchange. 

Market Impact

Shares of aviation equipment maker Nippon Avionics (6946.T) jumped more than sevenfold since JIP carved out the listed NEC (6701.T) subsidiary in 2020. It changed the company’s leadership, revised executive pay to introduce stock-based compensation and started buying back shares. 

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Mergers & Acquisition

Regions: Asia

Countries: Japan

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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