Japan state-backed fund said to be in talks with Bain Capital for Toshiba buyout

Japan state-backed fund said to be in talks with Bain Capital for Toshiba buyout

A plant of Toshiba Memory Corp. in Mie, Japan. Photographer: Shingo Kawamoto/Bloomberg

A statebacked Japanese fund is in talks with private equity firm Bain Capital to form a consortium and bid for Toshiba, after breaking off from its previous partner, the Nikkei newspaper reported on Wednesday.