Private equity firm the Carlyle Group will pay 70 billion yen ($856.9 million) to buy Japanese bearings parts maker Tsubaki Nakashima Co. from a unit of Nomura Holdings Inc., Reuters reported. The deal includes debt and equity.
(Reuters) – U.S. private equity firm Carlyle Group plans to acquire Japanese bearings parts maker Tsubaki Nakashima Co. from a unit of Nomura Holdings Inc., a representative for the private equity firm said.
The details of the sale will be announced at 3:30 p.m. Japan time (0630 GMT), the person said, asking not to be identified.
Carlyle will buy Tsubaki Nakashima for about 70 billion yen ($856.9 million) including debt from Nomura Principal Finance Co, the Nikkei business daily reported earlier today. (Reporting by Junko Fujita; Editing by Nathan Layne)