Carlyle Announces the Listing of Rigaku on the Prime Market of the Tokyo Stock Exchange

Tokyo, Japan, 25 October 2024 - Global investment firm Carlyle (NASDAQ: CG) today announced the listing of Rigaku Holdings Corporation ("Rigaku"), a leading global manufacturer of analytical instruments focused on X-ray analysis, measurement and testing instruments, on the Prime Market of the Tokyo Stock Exchange.

Founded in 1951 and headquartered in Tokyo, Rigaku's innovative product suite is used across a wide range of science and technology applications, including state-of-the-art R&D and production. Rigaku has advanced R&D capabilities primarily focused on XRD (X-ray diffraction) and XRF (X-ray fluorescence) and serves a highly diversified customer base in over 90 countries, including academic and research institutions as well as blue chip companies in industries spanning semiconductors, electronic devices, batteries, pharmaceuticals, steel and cement, among others.

Carlyle acquired Rigaku in 2021 and has since worked closely with management to deliver strong growth, establishing the company as a leading international player in the field of analytical and industrial instrumentation technology. This has been achieved through developing Rigaku's range of products and applications, continuous investment in R&D and innovation, as well as expanding its global footprint and overseas manufacturing capabilities.

Takaomi Tomioka, Co-Head of Carlyle Japan, said: "It has been a privilege to work closely alongside Rigaku's exceptional management team in this important period of its growth story, driving the business' overseas expansion, enhancing its operational and commercial efficiency, and strengthening management. Rigaku is well positioned to continue its growth trajectory as it takes the next step in its evolution in the public markets."

Jun Kawakami, CEO of Rigaku, said: "Through our partnership with Carlyle, Rigaku has experienced significant growth over the past four years, leveraging the benefits of working alongside a global financial sponsor with deep experience of internationalizing Japanese businesses. Today marks a significant milestone in Rigaku's history, and we believe the business is well-placed to build upon its leadership position and drive further growth as a public company."

Carlyle's Japan buyout platform has invested more than JPY 450 billion across approximately 40 private equity investments since 2000. The listing of Rigaku represents the ninth domestic IPO exit for Carlyle's Japan buyout platform.

__

This press release does not constitute an offer of securities for sale in the United States. Securities of Rigaku Holdings Corporation may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Rigaku Holdings Corporation and that will contain detailed information about the Rigaku Holdings Corporation and its management, as well as financial statements.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across four continents. Further information is available at www.carlyle.com. For more, follow Carlyle on X and LinkedIn.

Carlyle Media Contacts

Andrew Kenny, Global Corporate Communications

+44 7816 176120

[email protected]

Brunswick Group:

David Ashton / George Ohyama

+81 80 9713 2020 / +81 80 7340 1015

[email protected]

Public link

Please use the above public link if you want to share this noodl on another website.