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Carlyle eyes $189m from 85 per cent Broadleaf stake sale

18 Feb 2013

server5_lrg1Global private equity player The Carlyle Group is reportedly looking to sell an 85 per cent stake in Japanese automotive industry IT provider Broadleaf during the company’s planned IPO.

Carlyle’s sale is expected to raise JPY17.8bn ($189m) according to the International Financing Review, which said the firm would sell 16.48 million shares.

The firm paid JPY19.5bn for a 100 per cent stake in the company in October 2009 from Olympus and ITX.

It used capital from its JPY215.6bn Japan Partners II fund raised in 2006.

The deal marked Carlyle’s first Japanese buyout since 2008, when it bought LCD glass maker AvanStrate.

Broadleaf expects to make the share offering on March 13.

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