Carlyle Launches Tender Offer to Buy Japan’s Hogy Medical (1)

Carlyle Group Inc. has launched a takeover offer for Hogy Medical Co. in the latest private equity-led deal of a Japanese company.

The US investment firm offered ¥6,700 ($43.1) per Hogy Medical share, according to a statement on Wednesday. As part of the deal, Carlyle reached a tender offer agreement with certain significant shareholders in Hogy Medical including activist investor Dalton Investments LLC. The offer period starts Thursday and ends on Feb. 5.

Hogy Medical rose as much as 1.7% to ¥6,670 Thursday morning in Tokyo, giving the company a market value of about $966 million.

Earlier this month, ...