PE Deals

Private equity bidders weigh offers valuing Toshiba at up to $22bn: Reuters

KKR, Baring Private Equity Asia, Blackstone, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC have submitted initial bids, sources said.

-

Bidders for Toshiba Corp are considering offering up to $51.41 per share to take the troubled Japanese conglomerate private, Reuters reported, valuing the deal at about $22 billion. Toshiba, which is exploring strategic options, said this month it had received eight initial buyout proposals and two proposals for capital alliances that would see it remain listed. KKR, Baring Private Equity Asia, Blackstone, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC have submitted initial bids, sources said.

Source: Reuters