Carlyle Enters into Definitive Agreement to Sell Money Square Holdings, Inc. to NCM in Japan
Tokyo, Japan, December 19 2022 - Global investment firm Carlyle (NASDAQ: CG) today announced it has signed an agreement to sell its majority stake in Money Square Holdings, Inc. (“Money Square” or the "Company"), a Japanese investment solutions and fintech provider focused on foreign exchange (“FX”) trading services, to Neusynergy LPS, an investment vehicle in which Neusynergy Capital Management Corp. (“NCM”) is a General Partner and Japanese electronics retailer Nojima Corporation (“Nojima”) is a Limited Partner.
Founded in 2002, Money Square is a Tokyo-headquartered fintech and advisory firm offering margin FX trading services to retail investors as well as consulting services to its customers.
Carlyle acquired a majority stake in Money Square in October 2016. During its investment period, Carlyle worked closely with Money Square’s management team to help strengthen the Company’s corporate and governance structures and leadership capabilities, as well as helped implement decision-making processes and systems designed to drive operational efficiencies and growth. Carlyle also worked with the Company to help upgrade its trading platform capabilities, paving the way for a series of new currency launches on its platform. Under Carlyle’s ownership, Money Square strengthened its presence in the Japanese market with its assets under custody (“AUC”) growing from 66 billion yen in October 2016 to 100 billion yen in November 2022, the highest AUC in the Company’s twenty-year history.
Carlyle believes Money Square’s customer-centric approach to serving its customers’ anticipated medium- and long-term FX investment management needs closely aligns with Nojima's strategic focus on developing its personal financial services business, and will support continued growth at the Company as it enters its next stage of development.
Carlyle has a strong track record partnering with Japanese companies in seeking to drive business growth and value creation. Carlyle’s Japan platform has invested more than 450 billion yen across 35 private equity investments since 2000, and has been active in the technology sector with investments such as WingArc1st Inc., ARUHI Corporation and AOI TYO Holdings Inc., among others.
Globally, Carlyle has deployed over US$44 billion in 330 deals in the technology and financial services sectors, as of September 30, 2022.
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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