Bain Capital has sold its entire stake in flash memory chipmaker Kioxia Holdings, closing a chapter on a deal that¡¯s transformed the Japanese tech and investment landscape.
¡°We don¡¯t have a stake any more in Kioxia,¡± Bain Managing Partner David Gross said in an interview. The U.S. private equity firm has logged record-setting returns after a global spending spree on AI catapulted Kioxia¡¯s shares more than 4,800% from their debut, transforming the chipmaker into one of Japan¡¯s most valuable companies.
¡°It¡¯s worked spectacularly for all the stakeholders involved,¡± Gross said.
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