Nippon Television Buys Kanamel Shares From Carlyle-Owned Studio

Nippon Television says it will acquire the shares of Tokyo-based management company Kanamel it doesn’t already own from Carlyle Group’s Studio Cruise for ~37.3b yen.

• Nippon Television holds 22.8% of Kanamel shares, will own 100% after transaction
• Deal scheduled to close April 24
• Total investment of ~39.3b yen includes a third-party allotment of ~2b yen

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Eddy Duan in Tokyo at eduan6@bloomberg.net

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Go Onomitsu at gonomitsu@bloomberg.net

Gareth Allan

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