The Carlyle Group said on Monday it had agreed to acquire a 100% stake in Japanese software firm WingArc1st from management and a unit of Orix.
The sellers are its president and CEO Hiroyuki Uchino and OPI2002 Investment Fund, a subsidiary of Orix. Financial details were not disclosed.
Carlyle see the acquisition closing in April and equity for the transaction will come from Carlyle Japan Partners III, an investment fund advised by Carlyle Japan. Earlier in March Carlyle said it had invested in GGC Group, the owner of bean sprout brand Meisui Bijin from the same fund.