Carlyle To Exit Remaining Shares in Kito

Kito Corp., a Yamanashi-based crane maker, announced a secondary public offering of its shares owned by The Carlyle Group (19.08%), a global mega buyout firm. Kito went private with Carlyle in 2003. Since Kito went public in 2007, Carlyle has gradually decreased its shares and will have exited its investment in Kito completely through this transaction.