Bain Capital is poised to realise one of the largest profits in private equity history after its long-held investment in Japanese memory chipmaker Kioxia surged in value amid the global artificial intelligence boom, according to a report by the Financial Times.
The US buyout firm is expected to generate more than $15bn in gains from its 2018 acquisition of the business, then known as Toshiba Memory, according to people familiar with the matter. The return would represent roughly 20x invested cap...
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