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Business deals

Bain joins CVC in Toshiba bid, with KKR also in the running

Options to be weighed under new CEO, but foreign investment law may pose hurdle

Up for grabs: Global private equity firms are vying for control of Toshiba.   © Reuters

TOKYO -- U.K. private equity firm CVC Capital Partners is joining forces with U.S. peer Bain Capital to draw up a proposal for the buyout of Japan's Toshiba, Nikkei has learned.

U.S. private equity firm KKR is also considering its own buyout offer, while multiple U.S. and European funds are seeking investment opportunities.

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