Fujitsu’s $2.7 Billion Shinko Stake Said to Draw Bain, KKR
- DNP, JIC, KKR are also attracted to Fujitsu’s Shinko stake
- Fujitsu is working with an adviser on options for Shinko
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Apollo Global Management Inc. and Bain Capital are among potential bidders for Fujitsu Ltd.’s controlling stake in Shinko Electric Industries Co., a packaging material maker for semiconductors, according to people familiar with the matter.
Dai Nippon Printing Co., Japan Investment Corp. and KKR & Co. have also expressed interest in Fujitsu’s 50% stake in Shinko Electric, said the people, who asked not to be identified as the information is private. The stake is valued at around $2.7 billion based on the latest stock price of Shinko Electric.