Japan Industrial Partners Adds Chubu Electric Power to Investor Group Aimed at Toshiba
Posted on 09/19/2022
Chubu Electric Power Co is joining private equity firm Japan Industrial Partners Inc. (JIP) in conducting due diligence for a potential buyout of Toshiba Corporation. Toshiba Corporation is looking at going private among other options. Toshiba Corporation invited Bain Capital, CVC Capital Partners, Brookfield Asset Management, and a consortium involving JIP and state-backed Japan Investment Corporation to proceed to a second bidding round.
Japan Industrial Partners has reached out to a number of local firms to participate in the potential buyout deal including Orix Corporation and Central Japan Railway Co.
Formed in 2002, Japan Industrial Partners is run out of a small office in Marunouchi, the business district of Tokyo. In 2002, Japan Industrial Partners was set up with investments from Mizuho Financial Group and Bain & Co.
