Cabot Corporation Acquires Tokai Carbon (Tianjin) Co., Ltd Plant

Tokai Carbon Acquires COBEX from Triton for EUR 825 million

July 29, 2019

Manufacturing

Tokai Carbon Co., Ltd. has acquired COBEX, a German manufacturer of carbon and graphite products, from funds advised by Triton for an enterprise value of EUR 825 million. The acquisition gives Tokai Carbon an expanded international footprint and production platform in Eastern Europe, and transfers ownership of COBEX (headquartered in Wiesbaden, Germany) to the Tokyo-listed carbon products specialist.

Bain Capital to Acquire Mitsubishi Tanabe Pharma Corporation

February 7, 2025

Pharmaceuticals

Bain Capital has signed a definitive agreement to acquire Mitsubishi Tanabe Pharma Corporation (MTPC) in a carve-out from Mitsubishi Chemical Group Corporation for approximately 510 billion JPY (about $3.3 billion). The deal, led by Bain’s Private Equity teams in Asia and North America together with its Life Sciences group, will create an independent, standalone Japanese pharma platform focused on drug discovery and development across immunology, CNS, vaccines, diabetes and other priority areas; the transaction is expected to close in Q3 2025.

SWCC and Development Bank of Japan Acquire TOTOKU Inc. from Carlyle

February 21, 2025

Manufacturing

Global investment firm Carlyle has agreed to sell TOTOKU Inc., a Japanese manufacturer of specialty wires and electronic devices, to SWCC Corporation and the Development Bank of Japan. The transaction (a Carlyle divestiture) is subject to customary approvals and was announced February 21, 2025 with closing expected by the end of March 2025.

Nihon Kolmar (TOA Group) Acquires Tokiwa Cosmetics Group from Carlyle

June 6, 2024

Consumer Products

Global cosmetics ODM/OEM group Nihon Kolmar Holdings (together with its TOA Inc. subsidiary, the “TOA Group”) has agreed to acquire 100% of Tokiwa Cosmetics Group from The Carlyle Group. Tokiwa, a Nakatsugawa, Gifu Prefecture–based cosmetics R&D and contract manufacturer founded in 1948, will join TOA Group to strengthen its manufacturing, R&D and global supply capabilities; terms were not disclosed.

Arkema Acquires Stake in Tiamat

January 12, 2024

Energy

Arkema has become a shareholder in Tiamat, a French start-up spun off from CNRS that develops sodium‑ion battery cells, participating in a €22 million fundraising alongside strategic investors Stellantis Ventures and MBDA. The funding will support Tiamat's plan to build a 5 GWh gigafactory in France (with an initial 0.7 GWh tranche targeted by end‑2025) and accelerate Arkema's development of battery‑materials solutions for lithium‑free storage technologies.

Komatsu Acquires American Battery Solutions

November 26, 2023

Manufacturing

Komatsu, through its U.S. subsidiary Komatsu America Corp., agreed to acquire Detroit-based battery manufacturer American Battery Solutions (ABS), with the deal expected to close Dec. 1, 2023. Komatsu will integrate ABS' lithium‑ion battery technology to accelerate development of battery-powered construction and mining equipment while allowing ABS to operate as a stand‑alone business within Komatsu.