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$15 bn buyout of Toshiba Corp leaves global companies on sidelines

The Japanese bidding consortium also wants to avoid triggering Chinese antitrust scrutiny by bringing in foreign investors

Photo: Bloomberg
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Photo: Bloomberg

Manuel Baigorri, Takako Taniguchi and Min Jeong Lee | Bloomberg
The $15 billion buyout of Toshiba Corp. is increasingly looking like a purely Japanese affair as most international buyout firms are poised to drop from the deal, according to people familiar with the matter.
 
Talks to bring Blackstone Inc., BPEA EQT and CVC Capital Partners on as equity investors have stalled, the people said, asking not to be identified because the matter is private. The bidding group led by homegrown fund Japan Industrial Partners Inc. presently includes domestic firms, the people said.

The private equity investors are concerned about the valuation, complexity and political nature of the deal, some of

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First Published: Feb 28 2023 | 11:25 AM IST

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