Toyota Industries weighs going private with $42bn group-backed fund

Toyota Industries weighs going private with $42bn group-backed fund Toyota Industries weighs going private with $42bn group-backed fund

NAGOYA, Japan — Japanese machine maker and Toyota Motor parts supplier Toyota Industries is exploring going private under a special purpose company that would be backed by the automaker and other group members.

In addition to investments in the SPV by Toyota and group companies, financing from financial institutions is also being explored. The feasibility of the plan is unclear, given the large amount of funds necess and the need to gain the support of Toyota shareholders.