SK Hynix's Expected Investment Returns on Kioxia Equity Exceed $75 Billion
Odaily News: Citrini analyst jukan stated on platform X that SK Hynix is estimated to have realized a gain of 40 trillion Korean won, approximately $26.46 billion, by selling Kioxia equity through Bain Capital. SK Hynix still holds a 14% to 15% stake in Kioxia in the form of convertible bonds. Based on Kioxia's current market capitalization, the remaining equity value is approximately 7.9 trillion Japanese yen, roughly $49.2 billion.BCPE Pangea Cayman 1A has sold a total of 33.49 million shares through over-the-counter transactions, including 11.7 million shares (a 2.14% stake) on April 16, 3.27 million shares (a 0.60% stake) on June 4, and 18.52 million shares (a 3.39% stake) on June 11. The transaction on June 11 was settled through physical delivery on June 15, reducing the entity's stake from 3.99% to 0%.Currently, only BCPE Pangea Cayman 2, Ltd. holds Kioxia common stock, with a total of 77.4 million shares, which is considered to represent SK Hynix's holdings. Bain Capital's investment is regarded as one of the most profitable transactions in private equity history. Kioxia's stock price has surged over 5,000% since its listing, with a year-to-date increase of 700%.
