Carlyle sells remaining shares of Kito in Japan
US private equity giant The Carlyle Group, will exit its 19.08% stake in Kito Corp., a Yamanashi-based crane maker through a secondary public offering. The closing price on February 18 was JPY103,900 ($1,250) per share.
The private equity firm delisted the crane company via a TOB in 2003, taking an undisclosed controlling stake for an estimated JPY13 billion ($156 million). With the help of Carlyle’s management team,...
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