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Bain Says the Record Year for Japan Private Equity Is No One-Off

  • Announced buyouts in country surged to $23.6 billion in 2017
  • Bain’s deals for Toshiba chip unit, Asatsu-DK played big part

Japan’s banner year for buyouts is just the start of a bigger boom in the market, says the fund responsible for more than four-fifths of private equity deals in the country by value in 2017.

The year won’t be a one-off, says Yuji Sugimoto, the Japan head for Bain Capital Ltd. Japan Inc. will need to turn to deep-pocketed partners to turn around or carve out failing business units as the country’s companies push themselves to become more profitable for shareholders, a chronic problem that Prime Minister Shinzo Abe is seeking to resolve through his corporate governance overhaul.