Global investment firm Carlyle has announced the sale of Tokiwa Cosmetics Group to Nihon Kolmar Holdings, Japan’s largest cosmetics ODM/OEM manufacturer. Tokiwa, founded in 1948 and headquartered in Nakatsugawa, specializes in the research, development, and manufacturing of cosmetic products, holding around 400 patented technologies. Carlyle acquired Tokiwa in 2019, and under its ownership, Tokiwa has seen significant growth, both domestically and internationally. This growth was attributed to enhanced production capacity, expanded sales and marketing functions, and improved sustainability features. Financial details of the transaction have not been disclosed. Carlyle’s advisory team on the transaction included Jefferies, SMBC Nikko Securities Inc., and Nishimura & Asahi. This sale further solidifies Carlyle’s strong track record of driving value creation and business growth in its portfolio companies. Nihon Kolmar’s President, Yoshihide Kanzaki, expressed optimism about the acquisition, emphasizing continued global expansion and value-added services.

Private Equity, Cosmetics,Japan, United States