As a bastion of Japan Inc. tries to break itself up, hedge funds and private equity firms have their work cut out. After Toshiba Corp. put out a plan to split into three parts, one of its largest shareholders — 3D Investment Partners Pte. Alternatives included putting the sprawling company in the hands of private equity operators or a privatization and bringing in a minority investor. In addition, it didn’t show stakeholders what they really wanted to see: Details around valuations, asset prices or bids. In the first six months of the year, 11 going-private transactions were announced and some were backed by private equity funds, according to Baker Mackenzie.

Source: Mint November 29, 2021 04:14 UTC