Carlyle has agreed to sell TOTOKU Inc., a leading Japanese manufacturer of specialty wires and electronic devices, to SWCC Corporation and the Development Bank of Japan, aiming to leverage complementary strengths for enhanced market growth.

Target Information

Carlyle, a global investment firm, has announced the planned sale of TOTOKU Inc., a prominent Japanese manufacturer specializing in specialty wires and electronic devices. The buyer is SWCC Corporation, another key player in the Japanese market, known for manufacturing and supplying electric wires and cables. The transaction, which is pending customary regulatory approvals, is anticipated to conclude by the end of March 2025.

Since its acquisition by Carlyle in December 2022, TOTOKU has made significant strides in achieving transformative growth. The company has solidified its position across diverse business sectors, laying a robust groundwork for sustainable future expansion. Carlyle's hands-on approach has facilitated operational improvements and strategic restructuring, enabling TOTOKU to enhance its business capabilities.

Industry Overview

The specialty wires and electronic devices industry in Japan is witnessing a dynamic transformation, driven by rapidly evolving technologies and increased demand for high-performance mat