Carlyle, with USD 230bn in total AUM, plans to expand the reach of the X-ray technology company at the global level and prepare it for an IPO.
The Carlyle Group Inc, a Washington-based global investment firm, along with Hikaru Shimura, President and CEO of Rigaku Corp, a Tokyo-based specialized in X-ray related technologies company, agreed to acquire a 100% stake in Rigaku.
The parties didn’t disclose the financial terms of the transaction. Carlyle is investing on behalf of its Carlyle Japan Partners IV fund.
Carlyle and Mr. Shimura will own the Japnese company through a newly formed holding company in which Carlyle will hold c. 80% stake, while Mr. Shimura will own the remaining stake.
Carlyle, with USD 230bn in total AUM, plans to expand the reach of the X-ray technology company at the global level and prepare it for an IPO.
“Under the leadership of Mr. Shimura, Rigaku has grown into a leading global player with superior technology, a solid and diversified customer base, and highly competitive R&D and manufacturing capabilities. It is an honor that he has chosen Carlyle as the partner to take Rigaku into its next phase by building a robust global organization under a new management team,” said Takaomi Tomioka, Deputy Head of Carlyle Japan.
In November last year, AnalayzeMarkets reported that Caryle is in advanced negotiations to acquire Granules India Ltd, a Hyderabad, India-based pharmaceutical company.
Carlyle Is Said in Talks to Acquire USD 1.4bn Indian Listed Pharmaceutical Granules
Founded in 1951, Rigaku is an international manufacturer and distributor of general X-ray diffraction products.
With a diversified customer base of over 10,000 customers globally, Rigaku is engaged in the field of X-ray analysis, measurement, and testing instruments. Its products analyze the composition and structure of various materials, and are used in a wide range of science and technology applications, including state-of-the-art R&D and production.
It has an annual revenue of JPY 44bn (c. USD 428mn), out of which around two-thirds is generated outside of Japan.
Source: AnalyzeMarkets
