Bain Capital exits Kioxia with an estimated $15B profit after the AI memory rally

Bain Capital sold its entire remaining Kioxia stake — $2B in November 2025 and $3.5B in February 2026 — closing an exit Bloomberg estimates netted roughly $15B on its 2018 $18B Toshiba Memory buyout. The timing marks the top of the AI-driven memory cycle for one of its earliest backers, cashing out as demand made Kioxia Japan's most valuable listed company by market cap in mid-June.

Source: investing.com ↗