”Carlyle Steps Up Japan Deal Pace as Governance Reform Kicks In”

”Carlyle Group LP, which has made two acquisitions in Japan so far in 2016, said it plans to add another one or two deals there this year as companies get serious about boosting their profits.

Carlyle has invested half of the $1 billion in its third fund after buying six Japanese companies since it started investing in 2014, Tamotsu Adachi, managing director and co-representative in the country, said. The private equity firm has done two transactions in 2016 already, both announced this month, compared with the one purchase it made in all of 2015, Adachi said. Carlyle will start raising the next fund once it completes investment for the current pool, he added.

An increasing number of Japanese companies are focusing on ways to lift returns for shareholders following the introduction of a corporate governance code last year, one of the main tenets of Prime Minister Shinzo Abe’s government to attract investment. Japan is lagging behind in private-equity deals: It had $1.9 billion worth of buyout transactions in 2015, according to data compiled by Bain & Company. That compared with $143 billion in North America and $93.9 billion in Europe………”

Read full article here: http://www.bloomberg.com/news/articles/2016-03-23/carlyle-steps-up-japan-deal-pace-as-governance-reform-kicks-in

Source: Bloomberg Business News

 

 

The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.

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