SK Hynix's Investment Income from Kioxia Equity is Expected to Exceed $75 Billion

Odaily, Citrini analyst jukan posted on platform X, stating that SK Hynix is estimated to have realized a gain of 40 trillion Korean won, approximately $26.46 billion, through Bain Capital's sale of Kioxia equity; SK hynix still holds 14% to 15% of Kioxia's equity in the form of convertible bonds. Based on Kioxia's current market value, the remaining equity is worth approximately 7.9 trillion Japanese yen, about $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 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 transaction on June 11 was completed through physical delivery on June 15, reducing this entity's shareholding from 3.99% to 0%.

Currently, only BCPE Pangea Cayman2, Ltd. holds Kioxia common stock, with 77.4 million shares, which is considered to represent SK hynix's position. Bain Capital's investment in this deal is regarded as one of the most profitable transactions in private equity history. Kioxia's stock price has risen over 5000% since its listing, with a 700% increase year-to-date.