Deal of the Year and Best MA Deal
Carlyle and Kyocera's $2 billion acquisition of DDI Pocket from KDDI
Seller's advisor Goldman Sachs
Acquirer's advisor JPMorgan, Merrill Lynch
This deal would have been unthinkable even five years ago in Japan. A foreign private equity company using leveraged finance to acquire a fundamentally healthy, but non-core business from a Japanese company. At $2 billion in size it is also one of the most important LBOs in Japanese history.
But what really made this deal so special was that it was rational, created value...