Svmuu News: Citrini analyst jukan posted on X that SK Hynix is expected to have realized a gain of 40 trillion Korean Won, or approximately $26.46 billion, from the sale of its Kioxia stake through Bain Capital. SK Hynix still holds 14% to 15% of Kioxia's equity in the form of convertible bonds. Based on Kioxia's current market capitalization, the remaining stake is valued at approximately 7.9 trillion Japanese Yen, or about $49.2 billion.
BCPE Pangea Cayman 1A sold a total of 33.49 million shares through over-the-counter transactions, including 11.70 million shares on April 16, accounting for 2.14%; 3.27 million shares on June 4, accounting for 0.60%; and 18.52 million shares on June 11, accounting for 3.39%. The June 11 transaction was completed via physical delivery on June 15, reducing the entity's shareholding from 3.99% to 0%.
Currently, only BCPE Pangea Cayman2, Ltd. holds Kioxia common shares, with 77.40 million shares, which are believed to represent SK Hynix's position. This investment by Bain Capital is considered one of the most profitable deals in private equity history. Kioxia's stock price has surged over 5000% since its listing, with a year-to-date increase of 700%.
SK Hynix Expects Gains from Its Equity Investment in Kioxia to Exceed $75 Billion
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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