PE-backed LCD Maker To Go Public

Tokyo Stock Exchange announced that shares of Avanstrate Inc., a LCD glass manufacturer, will be listed on the exchange on the 24th 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%). Carlyle once tried to make it go public last April but the plan was cancelled after the March 11 Earthquake.