Carlyle invests in Sunsho Pharmaceutical from third Japanese fund

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fujiyamaPrivate equity major Carlyle has bought Japanese health and nutrition (H&N) and pharmaceutical products maker Sunsho Pharmaceutical.

The Shizuoka-based company operates five factories, which are focused on contract manufacturing and packaging services of soft capsules, seamless capsules and other dosage forms for H&N and pharmaceutical use.

Carlyle will make the investment from its Japan Partners III fund, which is targeting JPY100bn ($980m), which is below the JPY165.6bn raised by its second Japanese vehicle in 2006.

In January this year it was reported that Carlyle had secured JPY45bn ($436m) for the fund.

Carlyle managing director Takaomi Tomioka said, “Sunsho Pharmaceutical has established a solid position as a contract manufacturer in the steadily growing H&N market in Japan.

“With its competitive edge in R&D and manufacturing capabilities, the company is poised for continued growth.

“We were impressed by Sunsho Pharmaceutical’s competitive positioning and growth potential, and have a strong appreciation of its management philosophy and culture.”

Meanwhile, Carlyle is reportedly in talks to buy Japanese snack maker Oyatsu for more than $250m.

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