Carlyle and Nomura completed a $518m tender offer for Orion Breweries.

The Carlyle Group together with Nomura Capital Partners completed JPY57bn ($518m) tender offer to acquire shares in Orion Breweries, Japan’s fifth-largest beer brewery, on March 22, 2019. This joint acquisition is expected to close on March 29, 2019. Following the transaction, Carlyle will own a 49% stake in Orion Breweries while Nomura will hold a 51% stake in the company. Takaomi Tomioka, Managing Director of the Carlyle Japan buyout advisory team, said, “Orion Breweries has expanded its business over the past 60 years on the back of high brand value and support from the Okinawa community, making it Okinawa’s top beer brand. Carlyle will support the firm’s management teams and employees to realize further growth and entrench the pride that the people of Okinawa have in Orion Breweries. Carlyle is fully committed to sharing its knowledge and experience to strengthen Orion’s management capabilities, drawing upon our global network for support while collaborating with Nomura, a prominent Japanese financial company, to fully leverage our combined strengths.”