Carlyle buys stake in NH Techno Glass for $564 million
Carlyle purchases Nippon's entire stake and part of Hoya's holding in a deal that gives it 52.6% ownership of the Japanese LCD manufacturer.
Private equity firm Carlyle has emerged the winner of an auction for controlling interest in NH Techno Glass for Ñ58.1 billion $564 million.
NH Techno Glass is currently owned 50% by Nippon Sheet Glass NSG and 50% by Hoya Corp. A special purpose vehicle SPV formed by Carlyle will buy the entire stake owned by NSG for Ñ40.6 billion. At the first stage, Hoya will sell 21.5% of NH Techno Glass to the SPV for Ñ17.5 billion. Subsequently, after...
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