Business & Investment

Carlyle Acquires Japanese Test Tool Maker Rigaku to Help Pursue IPO Reuters

© Reuters.File photo: The Carlyle Group logo is displayed in the office of a company in Tokyo

Tokyo (Reuters)-US buyout company Carlyle Group (NASDAQ :) announced on Wednesday that it will acquire Rigaku in Japan, confirming media reports that the transaction value will be about $ 1 billion as the manufacturer of X-ray-based test tools plans to release it. ..

If the deal closes, it could be the first investment of the Carlyle Group’s new Japan-focused buyout fund of 258 billion yen ($ 2.5 billion). This is the fourth and largest country in which global buyout funds have expanded in recent years.

Carlyle owns about 80% of Rigaku and a 20% stake remains in Rigaku’s CEO, a US company said in a statement, but did not provide details on the transaction value.

Carlyle’s investment will be about 100 billion yen ($ 972.9 million), the newspaper reported.

Founded in 1951, Rigaku provides X-ray analysis, measurement and testing equipment to a wide range of industries including semiconductor manufacturing and pharmaceuticals.

By partnering with Carlyle, Rigaku said, “We aim to list the holding company in the next few years,” adding that annual sales are about 44 billion yen, about two-thirds of which is generated overseas. .. ..

(1 dollar = 102.7900 yen)

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Carlyle Acquires Japanese Test Tool Maker Rigaku to Help Pursue IPO Reuters Carlyle Acquires Japanese Test Tool Maker Rigaku to Help Pursue IPO Reuters

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