Carlyle Buying Japenese Auto Software Maker

TOKYO (Reuters) – Private equity firm The Carlyle Group said it would buy Broadleaf Co, a Japanese maker of software for car maintenance facilities, in a 19.5 billion yen ($212 million) management buyout.

Carlyle will take a 100 stake in the company from precision equipment firm Olympus Corp (7733.T) and its affiliate ITX Corp (2725.OJ), the U.S. fund said on Tuesday.

This is the first buyout for Carlyle in Japan since it bought LCD glass maker AvanStrate Inc, formerly known as NH Techno Glass Corp, from Hoya Corp (7741.T) and Nippon Sheet Glass (5202.T) in June last year.

“We are seeing more buyout opportunities,” said Masao Hirano, Carlyle’s co-representative in Japan. “Large Japanese firms are under pressure to sell some businesses to focus on what they need to grow.”

This buyout was made from 215.6 billion yen fund that is targeted at Japan. (Reporting by Junko Fujita)