Global alternative asset manager The Carlyle Group (Japan representative: Kazuhiro Yamada; headquarters: Washington, DC; hereinafter referred to as Carlyle) today announced that its majority-owned company, Solasto Corporation (Tokyo Stock Exchange First Section, stock code 6197; headquarters: Minato-ku, Tokyo, Japan; CEO: Yasuhiko Ishikawa; hereinafter referred to as Solasto), went public on June 29, 2016, with its shares trading on the first section of the Tokyo Stock Exchange. Through the listing on the Tokyo Stock Exchange, Carlyle will sell a maximum of 40% of the total outstanding shares (including an overallotment) and in that case continue to own 10% of the total shares in Solasto following the re-listing.

Founded in 1965 as Japan’s first educational institution for medical administration, Solasto (formerly known as N.I.C. Corporation) has over 25,000 employees and provides a wide range of services including medical administration outsourcing, long-term care services for the elderly and childcare services. In February 2012, Solasto was taken private from the second section of the Tokyo Stock Exchange through a management buyout (MBO) transaction to manage the rapid changes in the business environment, build a strong business structure and enhance enterprise value in a sustainable manner. The company celebrated its 50th anniversary in October 2015.

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