Japan consortium explores other options for Toshiba restructuring -Kyodo

TOKYO, Sep 22 (Reuters) - A Japanese consortium chosen in the first round of bids to restructure Toshiba Corp has decided to explore other options, Kyodo news reported on Wednesday.

Japan Investment Corp (JIC) is considering a second proposal for Toshiba, breaking off with Japan Industrial Partners (JIP), according to Kyodo.

Conglomerate Toshiba is looking at a number of restructuring plans, including going private.

Kyodo said private equity firm JIP and state-backed fund JIC disagreed over the proposal, prompting JIC to consider a new partnership with overseas funds that also passed Toshiba's first bidding round, including U.S.-based Bain Capital or UK-based CVC Capital Partners. ...continue reading