Private equity firm Carlyle Group (CG.O) said it could make a pair of acquisitions in Japan worth $2 billion apiece, a strategic departure from a previous focus on smaller deals as big Japanese firms are gearing up for spinoffs of larger assets.

“There could be about two large deals in Japan from our current fund focusing on Japan,” Takaomi Tomioka, a Carlyle managing director said on Tuesday.

“With equity and debt combined, we could invest as much as 200 billion yen in each deal,” he said, speaking at a media briefing. Tomioka didn’t name any acquisition targets, nor indicate any preferred sectors for investment.

READ FULL ARTICLE HERE