SK Hynix's Investment Return on Kioxia Equity Expected to Exceed $75 Billion

Odaily News, Citrini analyst jukan posted on Platform X, stating that SK Hynix is expected to have realized a 40 trillion won gain, approximately $26.46 billion, from the sale of Kioxia equity through Bain Capital. SK Hynix still holds 14% to 15% of Kioxia equity in the form of convertible bonds. Based on Kioxia's current market value, the remaining equity is valued at approximately 7.9 trillion yen, or about $49.2 billion.

BCPE Pangea Cayman 1A sold a total of 33.49 million shares through over-the-counter transactions, including 11.7 million shares (2.14%) on April 16, 3.27 million shares (0.60%) on June 4, and 18.52 million shares (3.39%) on June 11. The transaction on June 11 was completed through physical delivery on June 15, reducing the entity's stake from 3.99% to 0%.

Currently, only BCPE Pangea Cayman2, Ltd. holds Kioxia common shares, with a stake of 77.4 million shares, which is considered to represent SK Hynix's holdings. This investment by Bain Capital is regarded as one of the most profitable deals in private equity history. Kioxia's stock price has surged over 5,000% since its listing, with a year-to-date gain of 700%.