Private equity firm TPG Capital intends to invest about $1 billion in Olympus Corp. in a joint deal with Sony.
TGP has informed the executives at Sony, Canon, Fujifilm and Panasonic of its interest to offer funds to help revive the company.
TGP believes it could be effective by putting up capital, offering expertise and restructuring. Olympus has been seeking out for an investor to make an investment to revive the business after the $1.7 billion scandal was exposed. The said suitors are attracted by Olympus’ very profitable medical equipment business.