Tag - jic

 
 

JIC

Kioxia Holdings has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital and strengthen the combined company’s financial base, according to people familiar with the matter.
BUSINESS
Oct 20, 2023
Kioxia has approached JIC to back Western Digital deal: sources
Kioxia’s lenders are working toward submitting a commitment letter as soon as possible to help facilitate the agreement.
Japan Times
BUSINESS
Jun 26, 2023
Japan unveils ¥904 billion deal to buy out chip linchpin JSR
The government-backed Japan Investment Corp. plans to offer shareholders ¥4,350 a share in a tender offer around December.
Japan Times
BUSINESS
Jun 24, 2023
State-backed Japan Investment Corp. in talks to buy nation's top chip firm, report says
The fund reportedly aims to make a tender offer as early as this year after clearing the buyout with domestic and foreign antitrust authorities.
Japan Times
BUSINESS / Companies
Nov 12, 2022
Success of JIP's bid for Toshiba hinges on banks
The investment fund is negotiating with lenders to raise over u00a51 trillion in loans, though some banks view extending such a line of credit as overly risky.
Japan Times
BUSINESS / Companies
Nov 7, 2022
Fate of Toshiba management causing friction for banks in buyout plan
There is concern preferred bidder JIP's plan to retain Toshiba CEO Taro Shimada and his team could impede the reorganization needed to put the firm on the road to recovery.
Japan Times
BUSINESS / Companies
Oct 18, 2022
Toshiba's preferred bidder offers less than key ¥6,000 a share, sources say
During a strategic review last year, at least one global private equity firm told Toshiba's review committee that a deal could be done at u00a56,000 a share or more.
Japan Times
BUSINESS / Companies
Oct 17, 2022
Toshiba sale faces delay as banks wary on financing
Some global banks have turned cautious over backing large buyouts like Toshiba amid rising borrowing costs in the United States and elsewhere.
Japan Times
BUSINESS / Companies
Jul 21, 2022
Toshiba narrows buyout bidders to Bain, CVC, Brookfield and Japanese consortium, sources say
The race for what could be the country's biggest buyout deal this year is gathering pace, as the four bidders are now invited to conduct due diligence for several months.
Japan Times
BUSINESS / Companies
May 25, 2022
State-backed investment fund JIC exploring offer for Toshiba, according to sources
JIC has signed a confidential agreement with the Japanese conglomerate for access to detailed finances as it weighs an offer, said the people, who asked not to be identified.
Japan Times
BUSINESS
Jan 31, 2019
Japan Investment Corp. at risk of becoming another 'zombie' rescue fund after METI's intervention
Japan's largest public-private fund, Japan Investment Corp., once had an ambitious mandate to aggressively pursue investments in next-generation businesses.
EDITORIALS
Dec 11, 2018
A public-private investment fund grinds to a halt
The future of the Japan Investment Corp. and other public-private funds will remain in doubt until differences over how such entities are run are resolved.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?