Japan Industrial Partners completed the acquisition of Toshiba for JPY2tn.

Japan Industrial Partners, a private equity firm, completed the acquisition of Toshiba, a multinational conglomerate corporation, for JPY2tn. JIP belives that by privatizing the Toshiba shares from the public market, JIP would be able to support the establishment and management of a stable management structure to create a stable shareholder base that supports the new growth of Toshiba and to execute a business strategy that realizes the growth potential of the Target, thereby greatly improving the enterprise value of Toshiba.