The Carlyle Group Inc. (NasdaqGS:CG) made an offer to acquire Totoku Electric Co., Ltd. from Furukawa Electric Co., Ltd. and other for ¥5660 per share
November 07, 2022
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The Carlyle Group Inc. (NasdaqGS:CG) made an offer to acquire Totoku Electric Co., Ltd. (TSE:5807) from Furukawa Electric Co., Ltd. (TSE:5801) and other for ¥5660 per share on November 2, 2022. As of December 22, 2022, Furukawa Electric Co., Ltd. has sold its holdings of 57.25% stake. Kei Otabe of Corporate Finance International acted as exclusive financial advisor to Totoku Electric Co., Ltd. Nishimura & Asahi team advising Carlyle was led by Hiroshi Uchima, Toshiyuki Nonaka, Yoshiyuki Asaoka and Mayuko Nakamura.
Sanyo Trading Co., Ltd. is engaged in the trading of rubber, chemicals, machinery equipment, scientific equipment and automobile parts. The Company operates in four segments. The Chemical segment offers synthetic rubber, auxiliary materials for rubber, natural rubber, medical-related materials, plasticizer, resin tube, reclaimed rubber, adhesives, synthetic resins, ink, industrial gases, pesticides, ceramics, various films, pigment, pharmaceutical intermediates, perfumes and surfactants, among others. The Machinery and Equipment segment offers environment-related equipment, test equipment, measuring equipment, industrial instrumentation, thermal processing equipment and others. The Overseas Subsidiary segment offers synthetic rubber, natural rubber, medical-related materials and various films, among others. The Domestic Subsidiary segment offers industrial drugs, oil drilling devices and others. The Domestic Subsidiary segment provides oil, natural gas and geothermal drilling products.
The Carlyle Group Inc. (NasdaqGS: CG) made an offer to acquire Totoku Electric Co., Ltd. from Furukawa Electric Co., Ltd. and other for ¥5660 per share
SANYO TRADING CO., LTD. 
