Bain takes lead in bidding for Hitachi metals unit
April 9, 2021- Share:
Japanese conglomerate Hitachi Ltd. has picked a Bain Capital-led group as the preferred bidder for its metals unit in a deal likely to be worth more than $7.3 billion, Reuters reported. Bain is said to be teaming with Japan Industrial Partners and Japan Industrial Solutions to buy a 53% stake in Hitachi Metals. News of a potential deal broke last November, with firms including Apollo Global Management and The Carlyle Group also reported to be in the running at the time.
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