Carlyle to sell Japanese cosmetics supplier Tokiwa in $1 bln deal -sources

By Kane Wu and Makiko Yamazaki

HONG KONG/TOKYO, Nov 6 (Reuters) – Carlyle Group is preparing to sell Japanese cosmetics supplier Tokiwa Corp in a deal that can bring $1 billion, 2 resources with expertise of the issue claimed.

The investment company has actually touched Jefferies and SMBC Nikko Securities as experts to work with the sale of the 75-year-old business, which will certainly start very early following year, claimed among individuals, that both decreased to be called as the info is personal.

Carlyle, Tokiwa, Jefferies and SMBC Nikko decreased to remark.

Carlyle spent a concealed quantity in Tokiwa in 2019 using its 3rd Japan- concentrated acquistion fund to aid the Nakatsugawa, Gifu- headquartered business broaden overseas, it claimed at the time.

Tokiwa, referred to as a significant supplier of eye linings and eyebrow specifying pencils to worldwide cosmetics brand names, is involved in the research study, growth and production of …