The transaction has been valued based on Tsubaki Nakashima’s current enterprise value of approximately JPY66bn.
Established in 1936, Tsubaki Nakashima manufactures and sells precision balls and precision processing balls for bearings, sending screws, linear guideways, positioning tables, ventilators, and general industry machinery.
With production bases in Japan, the US, Poland, China, Taiwan, and India, the company had capital of JPY15.8bn nd employed 1,545 people as of the end of December 2010.
Carlyle Japan Partners managing director and co-head Tamotsu Adachi said Tsubaki Nakashima is absolutely essential to bearing manufacturing for the automotive and machinery industries. It has solid market positioning and advanced engineering capabilities, making it highly competitive in global markets.
"It is well placed to benefit from the global economic recovery and the fast emerging market growth. Tsubaki Nakashima represents a good investment opportunity for Carlyle to participate in the growth of a well-managed company that is led by president Mr Kondo.
"Going forward, Carlyle will best leverage its global platform to support Tsubaki Nakashima and promote substantial growth in emerging markets to capture their full potential," Adachi said.
