Bain, Lone Star Are Said to Eye Mitsubishi Electric’s Auto Unit

Bain Capital and Lone Star Funds have advanced to a second round of bidding for Mitsubishi Electric Corp.’s automotive equipment business, according to people familiar with the matter.

By Takako Taniguchi, Taro Fuse, Manuel Baigorri · Bloomberg Markets

Bain Capital and Lone Star Funds have advanced to a second round of bidding for Mitsubishi Electric Corp.’s automotive equipment business, according to people familiar with the matter.