carlyle-buys-stake-in-nh-techno-glass-for-564-million

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 a further reorganization of shareholdings and a merger of the SPV into the existing NH Techno Glass, Hoya will own 47.4% of the final, re-constituted equity of NH Techno Glass and continue to partner with...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222