Carlyle craves Japanese snack maker Oyatsu, could pay $250m


OyatsuListed US buyout major Carlyle is reportedly in talks to buy Japanese snack maker Oyatsu for more than $250m.

The firm is interested in the 65-year-old business according to Bloomberg, which cited people with knowledge of the matter.

Oyatsu had sales of JPY18.2bn ($179m) in the year to July 31 according to its website.

Earlier this year it emerged that Carlyle had raised about $436m towards its third Japan-focused buyout fund.

Carlyle Japan Partners III has a final target of JPY100bn ($980m), and follows the firm’s predecessor vehicle which raised JPY165.6bn in 2006.

The fund is the only Japan-specific vehicle from a globally-focused buyout firm currently in the market, Dow Jones said.

The first fund in the series had a net IRR of 34 per cent and a multiple of 2.3 times according to recent CalPERS data.

Copyright © 2014 AltAssets


Copyright © 2014 AltAssets