economy
How the AI boom turned a buyout deal into one of history’s most lucrative
Bain Capital stands to pocket profits of $15bn on 2018 buyout of Kioxia, the former Toshiba Memory
TL;DR
- Bain Capital is set to profit $15 billion from its 2018 buyout of Kioxia.
- Kioxia was formerly known as Toshiba Memory.
- The artificial intelligence boom has driven the increased valuation.