The Carlyle Group is investing in Tokiwa Corporation, a cosmetics maker headquartered in Nakatsugawa, Japan, through a strategic business and capital alliance. Through the alliance, Tokiwa will work with Carlyle to establish itself as a global leader in the cosmetics manufacturing industry. The amount of investment was not disclosed.
“We are very pleased to have been chosen as Tokiwa’s strategic partner. We will work to enhance Tokiwa’s business operations, assist its marketing efforts, and expedite the company’s domestic and overseas expansion. We look forward to working with Tokiwa as the company continues to create ‘beauty, emotion and joy’ for its customers around the world,” said Yusuke Watanabe, Director of the Carlyle Japan advisory team.
Tokiwa has advanced research and development capabilities with more than 400 patents worldwide, and is a supplier to prominent beauty brands around the world. The company has factories in Japan, the USA, and China.
“Since our founding, we have continued to change and innovate. With ‘Sustainable Innovation’ as our motto, we have always strived to turn our customers’ confidence into lasting trust. We are pleased to work with Carlyle, which has a proven record in Japan and will add impetus to our organization’s initiatives,” added Hitomi Hibino, Executive Vice President of Tokiwa.