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Bain Capital consortium joins race for Panasonic healthcare business

23 Aug 2013

Panasonic healthcareKKR, Toshiba and a consortium including Bain Capital are reportedly among the final bidders for Panasonic’s healthcare business which could see the winner pay $1.5bn.

Reuters reported the latest news on the sale, citing sources with knowledge of the matter.

It said that newcomer Bain had teamed up with Japanese trading house Mitsui & Co and the Development Bank of Japan for the auction.

The deadline for the second round of bids is Monday, with Panasonic expected to shortlist a bidder in early September, the sources said.

The proceeds will help Panasonic restructure its struggling consumer electronics business.

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