Three buyout groups likely to move on to next round of Unilever’s auctions for its spreads business: sources
Although the spreads market is shrinking in Western countries, the business has fat profit margins.
Bain Capital
Bain Capital’s long reaching strategic moves paying dividends in Japan
Bain Capital has been patiently networking and cultivating connections in Japan. While it spent 3 years to develop a relationship with ADK, long before Toshiba’s nuclear business went kaboom, Bain had started discussions with Toshiba around their semiconductor business.
Toshiba Corp sells its NAND chip business to Bain Capital led consortium for $18 billion
Although the deal brings a much needed closure to Toshiba’s chip business, the jury is still out on Western Digital’s complaint that Toshiba went ahead with the sale without the consent of its joint venture partner. Western Digital Corp has sought an injunction.
Unilever’s acquisition of Carver Korea will help boost its footprint in the beauty and personal care industry in South Korea.
The deal is aimed at tapping the fast growing skincare business in South Korea.
Toshiba awards Bain-led consortium the rights to purchase its NAND chip business
Despite the appearance of finality to the matter, there still lurks an element of uncertainty given Western Digital Corp’s earlier position on the matter.
