TOKYO, Sep 24
-- Global alternative asset manager The Carlyle Group announced that it has
acquired 100% of the outstanding shares of Walbro Engine Management, a global
small engine parts manufacturer, from Sun Capital Partners. Terms of the
transaction were not disclosed. Equity for the investment comes from Carlyle
Japan Partners II.
Headquartered in Tucson, Arizona,
Walbro is the world's largest manufacturer of carburetors and a major
manufacturer of fuel and air management components mainly targeted at the
outdoor power equipment industry. Walbro has significant sales, R&D, and
production capabilities in Japan and the United States, and also has
manufacturing facilities in Thailand, China and Mexico.
Mr. Tony Martin, Chief Executive
Officer, Walbro Engine Management, said, "Walbro supports worldwide
markets with the aim to be the industry leader in the global small engine
market by anticipating customer needs and delivering innovative solutions to a
world that demands a cleaner environment. This transaction is consistent with
our aim to satisfy increasing global market demands and we plan to leverage
Carlyle's global network to pursue further growth."
"I am proud of the efforts of
Walbro employees around the world in developing, manufacturing and marketing
innovative products that add value to our company and position Walbro for the
next level of growth with the support of The Carlyle Group," Martin added.
"The resources of The Carlyle Group will help us continue to serve our
customers with the products and technology they need to meet today's
environmental and business challenges."
Mr. Kazuhiro Yamada, Managing
Director and Co-Head of Carlyle Japan, said, "Walbro is led by a strong
management team with outstanding global presence. We will harness Carlyle's
global network and financial resources to help Walbro expand to the next stage
of product innovation and realize global growth."
About Walbro Engine Management
Founded in 1950 and headquartered in
Tucson, Arizona, Walbro Engine Management is the world's largest manufacturer
of carburetors and a major manufacturer of ignition systems, fuel injection and
air/fuel management components, and fuel storage and delivery components for
engines targeted at outdoor power equipment, marine, recreational and two-wheel
applications. Walbro Engine Management employs 2,200 people in facilities in
the United States, Japan, Thailand, China and Mexico. Please visit www.walbro.com
About The Carlyle Group
The Carlyle Group is a global
alternative asset manager with $156 billion of assets under management across
99 funds and 63 fund of fund vehicles as of June 30, 2012. Carlyle's purpose is
to invest wisely and create value. Carlyle invests across four segments -
Corporate Private Equity, Real Assets, Global Market Strategies and Fund of
Funds Solutions - in Africa, Asia, Australia, Europe, the Middle East, North
America and South America. Carlyle has expertise in various industries,
including: aerospace, defense & government services, consumer & retail,
energy, financial services, healthcare, industrial, technology & business
services, telecommunications & media and transportation. The Carlyle Group
employs 1,300 people in 32 offices across six continents. www.carlyle.com
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a
leading private investment firm focused on leveraged buyouts, equity, debt, and
other investments in companies that can benefit from its in-house operating
professionals and experience. Sun Capital affiliates have invested in more than
300 companies worldwide with combined sales in excess of $45 billion since Sun
Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los
Angeles, and New York, as well as affiliates in London, Paris, Frankfurt,
Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com
No comments:
Post a Comment