In buying Toshiba, a little-known fund takes on Japan Inc's toughest job

FILE PHOTO: The logo of Toshiba Corp is displayed at the company's building in Kawasaki, Japan, April 5, 2023. REUTERS/Androniki Christodoulou/File Photo

TOKYO (Reuters) - A little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba.

Japan Industrial Partners (JIP) is spearheading a $14 billion takeover that will see the troubled conglomerate delisted on Wednesday after 74 years on the Tokyo exchange.