Carlyle to sell Kokusai Kogyo Co., Ltd. to MIRAIT ONE Corporation
Tokyo, Japan – November 10, 2023 – Global investment firm Carlyle (NASDAQ: CG) today announced it has signed an agreement to sell 100% of its investment in Kokusai Kogyo Co., Ltd. ("Kokusai Kogyo"), a geospatial technology provider, to MIRAIT ONE Corporation ("MIRAIT ONE"), a company involved in the construction and maintenance of telecommunications infrastructure as well as other social infrastructure (including urban/rural development in the regions and corporate digital/green transformation) in Japan.
Kokusai Kogyo provides technical consulting and solutions through data collection, analysis and utilization based on proprietary geospatial information technology to a wide range of markets including national land conservation, disaster prevention and risk reduction, social infrastructure development, environment and energy.
Carlyle acquired a 100% stake in Kokusai Kogyo from parent company Japan Asia Group Limited (JAG) in September 2021 and, since then, has worked closely with the company’s management team to increase business value. This has been achieved through improving profit margins, promoting culture transformation, strengthening management and governance, increasing productivity through the introduction of AI and other measures, and further focusing on its technical consulting business through business portfolio selection and concentration. In addition, Carlyle provided management with the support to formulate and implement a number of growth strategies centred on business areas with high growth potential.
Carlyle believes that Kokusai Kogyo’s technology and solutions complement MIRAIT ONE’s new growth strategy, which focuses on contributing to environmentally friendly and resilient urban/rural development and expanding green energy businesses that drives decarbonization.
Carlyle has a strong track record of helping its portfolio companies drive business growth and value creation. Carlyle’s Japan platform has invested more than 450 billion yen across approximately 40 private equity investments since 2000 and has a well-established history of investing in the manufacturing and industrial sectors in Japan. Investments in this space include Totoku Inc., Enewill Inc., Rigaku Corporation, SENQCIA Corporation, Tsubaki Nakashima Co., Ltd., and CxS Corporation. Globally, Carlyle has deployed more than US $26 billion in the Industrials sector across more than 90 companies (as of September 30, 2023).
Carlyle (NASDAQ: CG) 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 $382 billion of assets under management as of September 30, 2023, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle.
Andrew Kenny, Global Corporate Communications
+44 7816 176120
David Ashton / George Ohyama
+81 80 9713 2020 / +81 80 7340 1015