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Brunswick Group is working the Bain Capital-led consortium that has inked a $17.7B agreement to buy the memory chip business of Japan’s financially strapped Toshiba Corp.
Apple, Dell Technologies, Seagate and Korean semiconductor company SK Hynix form the group eager to bolster Toshiba as the No. 2 supplier of memory chips behind Samsung Electronics.
Those chips are used in a wide range of electronics including smartphones and computer services.
David Gross-Loh, managing director of Bain Capital Private Equity, said the deal ensures an independent Toshiba Memory Co. and that the “semiconductor industry remains highly competitive and can respond to fast-changing needs.”
Toshiba will continue as an investor in TMC.
Bain Capital has made more than 65 investments in the tech sector including Symantec, BMC Software, LinkedIn, SurveyMonkey and SunGard Data Systems.
Brunswick’s Naomi Dryden and Sunitha Chalam are handling media for the Toshiba semiconductor transaction.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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