Carlyle To Buy PE-Backed Bearing Parts Maker

The Carlyle Group, a global buyout firm, plans to acquire Tsubaki Nakashima Co., a major manufacturer of precision balls bearings, for about 70 billion yen from Nomura Group, according to Nikkei. The bearing parts maker went private with Nomura Principal Finance, one of Nomura's investment units, in 2007. Carlyle will help this technology-oriented maker expand its business abroad.