The Carlyle Group is investing in Tokiwa, a global cosmetics manufacturing company, through a strategic business and capital alliance. Founded 70 years ago and headquartered in Nakatsugawa, Gifu, Tokiwa is known for innovations in cosmetic formulations and componentry along with advanced research and development capabilities, holding more than 400 patents worldwide. Through the alliance Carlyle will help Tokiwa and its partners achieve further growth, deliver value to consumers, and support Tokiwa to become a “valuable global company that can continue sustained, long-term growth,” as indicated in the company‘s philosophy.
Hitomi Hibino, Executive Vice President of Tokiwa, said in a statement, “Since our founding, we have continued to change and innovate. With ‘Sustainable Innovation’ as our motto, we have always strived to turn our customers’ confidence into lasting trust. We are pleased to work with Carlyle, which has a proven record in Japan and will add impetus to our organization’s initiatives.”
Yusuke Watanabe, Director of the Carlyle Japan advisory team, said, “We are very pleased to have been chosen as TOKIWA’s strategic partner. We will work to enhance TOKIWA’s business operations, assist its marketing efforts, and expedite the company’s domestic and overseas expansion. We look forward to working with TOKIWA as the company continues to create ‘beauty, emotion and joy’ for its customers around the world.”
Equity for this transaction will come from Carlyle Japan Partners III, L.P., Carlyle’s third buyout fund in Japan. As one of the first global players to enter the Japanese market, Carlyle has engaged in investment activities in Japan since 2000, with 25 investments.
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