Carlyle’s Rigaku Deal Draws Over 130 Foreign Entities (1)

The international tranche of Carlyle Group’s ¥81 billion ($508 million) sale of Rigaku Holdings shares was more than than 15 times subscribed, according to people familiar with the matter.

• More than 130 entities expressed interest in the international tranche, the people say, asking not to be named to discuss a private matter
• International tranche comprised 70% of the deal after 5% of the share sale was shifted to the institutional book from retail, the people say
• Demand from long-only investors — which generally abstain from short selling — exceeded the size of the international tranche, with support from existing ...