Headline – Carlyle Group to Acquire Seiko PMC
Deal Type – Acquisition
Acquiring Company – Carlyle Group
Target Company – Seiko PMC
Target Company Services – Chemicals
Deal Valuation (if available) – $221 m
Country of Target – Japan
Continent – Asia
Target Company Industry – Chemicals
Deal Rationale – Expansion of Carlyle Group’s portfolio through the acquisition of Seiko PMC, a Tokyo-listed paper and ink chemicals manufacturer.
Deal Summary – The Carlyle Group has initiated a tender offer to acquire Seiko PMC, valuing the company USD 221m with a high premium of 89%. The private equity firm is set to acquire a 54.5% stake from Seiko PMC’s parent company.