Carlyle gets its bearings in Japan
US-based private equity major The Carlyle Group is to acquire 96.56% of all outstanding shares in Japanese bearing parts maker Tsubaki Nakashima Co. from Nomura Principal Finance Co. (NPF), in what now holds the title as the largest private equity deal in the domestic market in a year and half.
Although the financial terms of the deal were not disclosed, the deal was said to be valued at approximately JPY70 billion ($856.9 million), including debt, Nikkei news reported. Established in 1936, Tsubaki...
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