Carlyle adds managing director in Japan

The private equity firm restructured its Japan operation with the close of its fourth country-focused buyout fund at JPY258 billion ($2.3 billion) earlier this year. There are now two teams dedicated to large-cap and mid-cap transactions, respectively. Teraska is part of the former and will concentrate on corporate carve-outs across consumer, healthcare, and general industries.

Terasaka started his career at Japan’s Ministry of Finance before switching to investment banking in 2002 with Merrill Lynch. He joined Carlyle the following year as a director and remained until 2013. Since then, Teraska has served as senior vice president of business management and M&A at Marelli Corporation – formerly Calsonic Kansei Corporation – as COO at ELS Educational Services in the US, and as vice president of strategic planning Development at Japan Display.

“Mr. Terasaka’s diverse industry knowledge and strong investment experience will bring significant value to our team and our investment activity as we continue to see an increasing number of carve-out opportunities and seek to deploy more capital in Japan,” Kazuhiro Yamada, head of Carlyle’s operations in Japan, said in a statement.

The private equity firm has about 20 investment professionals based in Tokyo. The Japan team has made 26 investments over the past two decades, of which 40% have been corporate carve-outs. Recent activity in the country has included two exits: bean sprout brand Meisui Bijin was sold to Shinmei Holdings for an undisclosed sum, while sneaker manufacturer Golden Goose was picked up by Permira for an enterprise valuation of EUR1.3 billion ($1.4 billion).

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