Yamada replaces Hirano as co-head of Carlyle Japan
Kazuhiro Yamada has been named co-head of The Carlyle Group’s Japanese operations, replacing Masao Hirano who is leaving the private equity firm. Yamada began his duties on January 1, working in collaboration with current co-head Tamotsu Adachi.
Hirano has become a senior advisor to Carlyle and will also work as an independent consultant.
Carlyle was responsible for Japan's largest private equity deal since 2009 with the purchase of steel bearing manufacturer Tsubaki Nakashima from Nomura Principal Finance last March. The transaction was reportedly worth approximately JPY70 billion ($910 million).
The private equity firm also exited roughly half its stake in Covalent - held jointly with Unison Capital - to Sino-American Silicon Products for JPY35 billion. Carlyle and Unison bought the asset, then known as Toshiba Ceramics, from Toshiba Group for JPY91 billion in 2006 in what was one of the most highly leveraged transactions of a period in which foreign buyout firms ran rampant.
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