Carlyle Japan Closed 2 Deals In 40 Days

Carlyle Japan announced that Carlyle Japan Partners II fund will acquire a 100% stake in Diversey G.K. (“Diversey Japan”) from Sealed Air Corporation (NYSE:SEE) for approx. JPY 30 billion (USD 377 million). Carlyle will sponsor the management buyout of Diversey Japan, which is expected to be completed in the 4th quarter of this year. Diversey Japan is a leading provider of cleaning, sanitation and hygiene products and solutions, mainly to institutional clients, with trailing twelve month sales as of September 30, 2012, of USD 321 million. Diversey Japan marks the 2nd deal for CJP II fund just in 40 days.

On September 25, Carlyle Japan announced that it had acquired the entire shares of Arizona-based engine component maker Walbro Engine Management from Sun Capital Partners. Financial terms were not disclosed. Walbro is the world’s largest manufacturer of carburetors in the lawn & garden market and a major manufacturer of ignition systems, fuel injection and air/fuel management components. It employs 2,200 people in the United States, Japan, Thailand, China and Mexico.

Sun Capital invested in Walbro in 2007 from its fourth fund. So far this year, Sun Capital has 7 realizations and Walbro is the 4th sale to a private equity firm.