Global investment firm Carlyle sold 100% of Tokiwa Cosmetics Group to Nihon Kolmar Holdings, Japan’s largest cosmetics ODM/OEM manufacturer. Terms of the transaction were not disclosed.WHO: Founded in 1948 and headquartered in Nakatsugawa, Gifu Prefecture, Tokiwa is engaged in the research, development, and manufacturing of cosmetic products and is a major supplier to the global cosmetics industry. The business has approximately 400 patented technologies worldwide, and supplies to leading beauty brands.Since the investment in Tokiwa in 2019, Carlyle has worked closely with the management team to deliver strong growth, both domestically in the Japanese market but also internationally, including in the US and China. This has been achieved by expanding the sales and marketing functions, increased production capacity, and improving the sustainability features of its products. Furthermore, management was strengthened through the implementation of a management team with deep industry knowledge.Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions, with $425 billion of assets under management employing more than 2,200 people in 28 offices across four continents.Nihon Kolmar Holdings manufactures and distributes cosmetics. The company produces skincare products, makeup products, haircare products, and others. Nihon Kolmar Holdings markets its products throughout Japan.