Abstract
Recently, the number of cases where buy-out funds support the overseas deployment of Japanese firm increases. Especially, it is notable the number of cases that buy-out funds support foreign operations of Japanese enterprise. The Kito Corporation, a hoist crane manufacturing company, executed the buy-out with the support of The Carryle Group in 2003. The Carlyle Group has supported the selling of no-core business in Japan of Kito, strengthening the management system of the foreign subsidiary in North America, and the construction of a new factory in China, etc. Many of those supports have rapidly improved the performance. As a result of support that the emphasis is in foreign business, the proportion of foreign sales in consolidated sales of Kito Corporation rapidly became uptrend. The case of Kito Corporation can be considered to be a pioneer case that buy-out fund supported foreign operations.
