PE-Backed LCD Glass Maker To Go Public

AvanSrate Inc., a LCD glass manufacturer, announced last week that AvanSrate will be listed on The Tokyo Stock Exchange on the 12th of April. The Carlyle Group, a global mega buyout firm, invested in the firm in June 2008 and is the largest equity holder (50.64%). Hoya Corp., an optical technology-oriented manufacturer, is the second largest equity holder (45.67%).