Bain Capital to Buy Olympus Science-Optics Unit for $3.1 Billion
- Olympus shifting focus to healthcare as camera market fades
- Scientific optics unit vied over by other private equity firms
This article is for subscribers only.
Bain Capital agreed to buy Olympus Corp.’s scientific instruments business for 428 billion yen ($3.1 billion), as the Japanese medical devices company further shifts its focus to health-care.
Olympus expects to transfer the unit on Jan. 4 and book the gain from the sale in the fourth quarter of the fiscal year ending March 31, the company said in a statement Monday. The Nikkei newspaper first reported the likely deal last week.