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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.
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