TOKYO -- Bain Capital is promising it would keep Toshiba whole, instead of breaking up the Japanese conglomerate, and retain the current management team in a buyout proposal aimed at winning over skeptics of the U.S. company's offer.
The takeover, if it goes through, would be the largest cross-border private equity deal in Japan, according to analytics company Preqin, and could set the stage for more corporate buyouts in a country where private equity companies have often been viewed warily.
