June 20, 2014

Carlyle Acquires Sunsho Pharmaceutical

Carlyle Japan has announced that it has agreed to acquire 100% stake in Sunsho Pharmaceutical, a company specializing in contract manufacturing of capsules for health & nutrition and pharmaceutical use.

Sunsho Pharmaceutical is 2nd largest health & nutrition contract manufacturers in Japan with USD 165 mm revenue in 2013. Sunsho offers contract manufacturing and packaging services of soft capsules, seamless capsules and other dosage forms for health & nutrition and pharmaceutical use.

The transaction is expected to close in August 2014. Following the transaction, the founder CEO of Sunsho will retire.

Sunsho is Carlyle Japan's 2nd investment in capsule manufactures. In October 2005, Carlyle acquired 100% stake in Qualicaps Group from Shionogi & Co., and exited the investment through a sale to Mitsubishi Chemical in March 2013.