Carlyle hires Morgan Stanley banker Tomofumi Matsuyama as Japan MD

Photo: Reuters

Private equity firm Carlyle Group has hired a senior official from Morgan Stanley for its Japan operations as it shifts target to spin-offs of businesses by large Japanese companies, two people with knowledge of the hiring said.

Tomofumi Matsuyama, who was a managing director at Mitsubishi UFJ Morgan Stanley Securities Co, a joint venture between Morgan Stanley and Mitsubishi UFJ Financial Group , will join Carlyle in Japan as the managing director, the sources added.

He is expected to cultivate deals related to the divesture of assets by large Japanese firms, one of the sources said.

The sources spoke on condition of anonymity because Matsuyama has not joined Carlyle as yet.

A spokeswoman for Mitsubishi UFJ Morgan Stanley confirmed his departure.

A Carlyle representative declined to comment.

The hiring comes as expectations grow for private equity opportunities in Japan, where many large companies are focusing on their core business and divesting non-core assets amid a government drive to streamline operations and boost shareholder returns.

Among Japanese blue-chip firms, Toshiba Corp, Hitachi Ltd and Panasonic Corp have sold some of their operations to global private equity firms, including KKR & Co Inc and Bain Capital.

During his tenure at the Morgan Stanley venture, Matsuyama covered mainly Japanese technology firms such as Panasonic and Hitachi, one of the sources said.

Carlyle had been focusing on smaller deals in Japan, taking advantage of the need for successors of small-business owners. However, it recently shifted its strategy and focus to multi-billion-dollar deals, a market dominated by KKR and Bain.

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Reuters

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.