Carlyle Announces Sale of Oyatsu to D Capital
Tokyo, Japan, December 2 2022 - Global investment firm, Carlyle (NASDAQ: CG) today announced it has signed an agreement to sell its stake in Oyatsu Company, Ltd. (“Oyatsu” or the “Company”), a Japanese snack manufacturer, to DC Joes1 Co., Ltd., all of whose shares are held by a fund managed and operated by D Capital, Inc.
Founded in 1948, Oyatsu is a leading savory snack manufacturer in Japan and produces the flagship “Baby Star” ramen snack and other savory snack products that are widely consumed by customers in Japan and internationally.
Carlyle acquired a majority stake in Oyatsu in May 2014 and has leveraged Carlyle’s deep global consumer sector expertise and platform to help Oyatsu transform from a local player into an established global manufacturer. During its investment period, Carlyle enhanced the Company’s management structure, governance and leadership team. Carlyle also worked with Oyatsu to help accelerate its global footprint across 14 markets internationally; optimize production efficiency through automation; and strengthen its marketing and R&D platforms. Oyatsu’s consolidated sales have increased by 25%, while international sales have grown approximately threefold during Carlyle’s investment period (as of July 2022).
Takaomi Tomioka, Managing Director and Deputy Head of Carlyle Japan, said “We are proud to have supported Oyatsu to enhance its innovation excellence, operational efficiency and global scale. We believe the Company is well-positioned to capture opportunities in its next phase of growth with the solid foundation it has built over the past eight years. We thank Oyatsu’s leadership team for their trust and partnership and wish them every success moving forward.”
Carlyle has extensive experience partnering with Japanese companies in seeking to drive business growth and value creation. Since entering the Japan market in 2000, Carlyle has invested more than 450 billion yen in 35 private equity investments. The firm also has a well-established track record in investing in the consumer, media and retail sector, with investments including Orion Breweries Ltd., Tokiwa Corporation and AOI TYO Holdings Inc., among others.
Globally, Carlyle has invested more than US$25 billion of equity in deals in the consumer, media and retail sector, as of September 30, 2022.
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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 $369 billion of assets under management as of September 30, 2022, 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 2,100 people in 29 offices across five continents.
Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
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