Carlyle relists Chimney, completes partial exit
The Carlyle Group has completed a partial exit from Japanese restaurant chain Chimney having relisted the company on the Tokyo Stock Exchange three years after taking it private. It is the private equity firm’s first IPO in Japan this year, having abandoned two other offerings due to weak public markets.
Carlyle sold holdings in the company equivalent to 53% of the total shares issued, of which about 7% was an over-allotment. The private equity firm paid JPY21 billion (then $232 million) to delist Chimney...
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