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Carlyle Group To Buy Ball Bearings Maker For $806M

Law360 (March 1, 2011, 6:22 PM EST) -- A Japanese investment company said Tuesday it would sell its 96.56 percent stake in a ball bearings manufacturer to private equity giant the Carlyle Group LP based on its enterprise value of 66 billion yen ($806 million).

Besides nabbing Nomura Principal Finance Co. Ltd.'s stake in Tsubaki Nakashima Co. Ltd. — which makes and sells precision balls and precision processing balls for bearings, sending screws, linear guideways, positioning tables, ventilators and industry machinery —  Carlyle will take control of the manufacturer's fan and air blower business....
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