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PRINT THIS PAGE Carlyle to acquire Japanese job magazine publisher Gakusei Engokai Group09/09/2005. Source: AltAssets. 
 US private equity giant The Carlyle Group has agreed to acquire 100 per cent of the outstanding shares of Gakusei Engokai Co. and its subsidiaries from the founding family through a management buy-out. Financial details of the transaction have not been disclosed.
Gakusei Engokai is a publisher of job placement magazines, which are distributed throughout Japan. The company also provides information for job seekers via the internet and mobile phones, which is a rapidly growing market. Gakusei Engokai also runs a job placement agency, which complements the main business.
Following the transaction, the current management will remain in place and all employees will be retained, Carlyle said in a statement.
Tamotsu Adachi, Carlyle managing director and head of the Japan team, said, 'Gakusei Engokai's products have high visibility and brand value together with a strong sales force and extensive marketing network. By leveraging these assets, the company will increase its profitability and regain its position as the market leader. We will also consider mergers and acquisitions to expand its core business.'
'By injecting our capital and enhancing corporate governance, the company will be able to pursue an IPO, which has been the goal of management and its employees for some time now. The management team and employees are excited about this opportunity and we are pleased to make such a fine investment in this unique company,' Adachi continued.
Carlyle has $31bn under management and invests in buy-outs, venture capital, real estate and leveraged finance in Asia, Europe and North America.
A few days ago Carlyle announced that it had agreed to acquire Britax Childcare, a UK-headquartered manufacturer of premium branded children's car safety seats, for £230m from Britax International.
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