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TYO:1909

2 stories mentioning TYO:1909Updated 28d ago

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Asia

Market Chatter: Carlyle Plans Larger Japan Fund; Commits to Working Within Local Priorities

Carlyle Group intends to make its next Japan investment fund larger than its current one, Nikkei reported on Tuesday, citing Chief Executive Officer Harvey Schwartz.Schwartz praised Japan's relatively low interest rates and its success in attracting global capital, noting that investment opportunities exist in succession planning, carve-outs, and take-privates, the publication said.The firm raised 430 billion yen or $2.71 billion for its fifth Japan-focused fund in 2024 and has been actively pursuing new deals, the news daily said.The deals include acquisitions of KFC Holdings Japan (TYO:9873), Hogy Medical (TYO:3593), and Omron's (TYO:6645) electronic components arm, the report said.Most recently, Carlyle announced it would acquire fire extinguisher maker Nippon Dry-Chemical (TYO:1909) in partnership with security firm Alsok, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:1909TYO:3593TYO:6645TYO:9873
Asia

ALSOK, Carlyle Launch Bid for Nippon Dry-Chemical Stake

ALSOK (TYO:2331) and Carlyle-backed TCG2511 will launch a tender offer for Nippon Dry-Chemical (TYO:1909) at 3,730 yen per share, aiming to acquire all outstanding shares of the fire protection equipment maker, according to a Thursday filing on the Tokyo Stock Exchange.The offer will run from May 14 to June 29 and targets full ownership of the company, with a minimum acceptance threshold of 13.5 million shares and no upper limit. If the condition is met, the buyers plan a squeeze-out through share consolidation, potentially leading to delisting under exchange rules.ALSOK already holds about 16% of Nippon Dry-Chemical and has treated it as an equity-method affiliate since 2016. Carlyle, through the joint acquisition vehicle, holds no prior stake.The companies said they will retain ALSOK and Carlyle as the ultimate shareholders after a post-transaction restructuring involving a holding company, with ownership split roughly 51:49.Nippon Dry-Chemical's board has endorsed the tender offer and recommended shareholders tender their holdings after reviewing valuation, premium levels and strategic rationale.

TYO:1909TYO:2331

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