Carlyle-backed Solasto goes public on Tokyo Stock Exchange

Solasto Corp, which is majority owned by the Carlyle Group, went public June 29 on the Tokyo Stock Exchange. Carlyle is expected to sell a maximum of 40 percent of Solasto’s outstanding shares, including the overallotment, through the listing. Tokyo-based Solasto, formerly known as N.I.C. Corp, provides medical administrative and staffing services. Carlyle acquired the company in 2011 in a deal valued at $149 million, Reuters News reported at the time.

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