TPG Capital, Hony Bid for Elpida

U.S. private equity firm TPG Capital is bidding to buy failed Japanese memory chip maker Elpida with China’s Hony Capital, Reuters reported. The two firms will participate in the second round of bidding for Elpida, which is due to close on April 27.

(Reuters) – U.S. private equity firm TPG Capital LP is bidding to buy failed Japanese memory chip maker Elpida with China’s Hony Capital, a source familiar with the matter said.

 

The two firms will participate in the second round of bidding for Elpida, which is due to close on April 27, said the person, who asked not to be identified because the information is not public.