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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

Fujitsu
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Manuel Baigorri and Taro Fuse | Bloomberg
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

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First Published: Feb 27 2023 | 10:15 PM IST

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