TOTOKU Sells to SWCC in Strategic Industry Move
Deal News | Feb 21, 2025 | The Carlyle Group
Carlyle, a global investment firm, has announced plans to sell TOTOKU, a leading Japanese manufacturer of specialty wires and electronic devices, to SWCC Corporation and the Development Bank of Japan Inc. The anticipated sale, which is scheduled to finalize by March 2025, is pending regulatory approval. Originally acquired in December 2022, Carlyle has partnered with TOTOKU to drive transformative growth and restructure its operations, paving the way for sustainable development. This restructuring included a division into two business lines focusing on diverse sectors like mobility, telecom, and consumer electronics, alongside a fortification of cross-functional business processes. Carlyle's Japanese advisory team has facilitated this growth, contributing to Carlyle’s successful portfolio in the General Industries sector in Japan. Carlyle's strategic collaboration with TOTOKU marks a high-profile and fruitful investment exit.
Sectors
- Private Equity
- Electronics Manufacturing
- Industrial Manufacturing
Geography
- Japan – The core companies involved, TOTOKU and SWCC, are based in Japan, and the transaction impacts the Japanese industrial sector.
Industry
- Private Equity – Relevant due to Carlyle's role as a private equity firm leading the acquisition and sale.
- Electronics Manufacturing – TOTOKU operates in this industry as a manufacturer of specialty wires and electronic devices.
- Industrial Manufacturing – The involvement of SWCC, a manufacturer of electric wires and cables, highlights this sector.
Financials
- JPY 1 trillion – Capital committed by Carlyle's Japan buyout platform since 2000.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TOTOKU Inc. | Target Company | Company | A leading Japanese manufacturer of specialty wires and electronic devices. |
| The Carlyle Group | Selling Company | Company | A global investment firm that acquired TOTOKU in December 2022. |
| SWCC Corporation | Bidding Company/Buyer | Company | A Japanese manufacturer and supplier of electric wires and cables. |
| Development Bank of Japan Inc. | Other Company | Company | Collaborating with SWCC in the acquisition of TOTOKU. |