Private equity firms Bain, KKR, Nibe Vie for $1.3 bn Fujitsu unit stake

Bain Capital and KKR & Co. are among the suitors selected for next round of bidding for Fujitsu Ltd.'s majority stake in its AC manufacturing unit, according to people familiar with the matter

Private equity firms Bain Capital and KKR & Co. are among the suitors selected for the next round of bidding for Fujitsu Ltd.’s majority stake in its air-conditioner manufacturing unit, according to people familiar with the matter.
 

Nibe Industrier AB, a Swedish maker of heat pumps and air conditioners, is also advancing in the process for a 42 per cent stake in Fujitsu General Ltd., the people said. Fujitsu is seeking binding offers for the Tokyo-listed unit by the end of March, said the people, who asked not to be identified as the information is private.

Shares of Fujitsu General have