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

Paulson Capital Holding Company Acquires JWTT, Inc.

October 22, 2025

Financial Services

Paulson Capital Holding Company, LLC has acquired JWTT, Inc., a specialist investment bank and broker‑dealer focused on the community banking sector. JWTT will operate as a wholly owned subsidiary of Paulson and will leverage Paulson’s resources to expand its investment banking, market making and corporate services for community banks.

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.

Carrier Global Corporation Acquires Toshiba Carrier Corporation Stake from Toshiba

July 31, 2022

Building Products

Carrier Global Corporation has completed the acquisition of substantially all of Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC) for approximately $900 million. TCC, a global provider of residential and light commercial HVAC solutions including VRF and heat pump products with roughly $2 billion in 2021 sales and about 6,600 employees, will join Carrier's newly created Global Comfort Solutions business unit headquartered in Tokyo.

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

March 1, 2022

Manufacturing

Cabot Corporation has completed the acquisition of Tokai Carbon (Tianjin) Co., Ltd from the Tokai Carbon Group. The purchase expands Cabot's carbon black manufacturing capacity (site output ~50,000 metric tons annually) to support its Battery Materials product line and broader carbon black customers, with planned investments to upgrade the site to produce battery-grade conductive carbon additives.

CJK Group Acquires Tweddle Group

December 22, 2021

Professional Services

CJK Group, Inc. has acquired Tweddle Group, a provider of product support, content development, content management, and digital/print distribution solutions. Tweddle Group, headquartered in Clinton Township, Michigan with over 500 employees worldwide, will operate under CJK leadership to expand CJK's technology and service capabilities and diversify its offerings.

Applied Materials to Acquire Kokusai Electric for $2.2B (Raised Offer to $3.5B)

January 4, 2021

IT Services

Applied Materials has agreed to acquire Kokusai Electric for $2.2 billion in cash from KKR, with the deal expected to close within a year subject to regulatory approvals. A later report said Applied increased its offer to $3.5 billion and extended the closing deadline to March 19 to secure Chinese regulatory approval.