Carlyle Completes Acquisition of AOI TYO Holdings

Studio Cruise Co., Ltd. (“Studio Cruise”), an investment company  operated and managed by global investment firm Carlyle (NASDAQ: CG), announces that it has successfully acquired all shares of AOI TYO Holdings Inc. (“AOI TYO”), a leading advertising creative production company in Japan. The transaction, which is scheduled to close in December 2021, follows a successful tender offer for the outstanding shares of AOI TYO as part of the management buyout led by Group CEO Mr. Yasuhito Nakae and Group COO Mr. Hiroaki Uekubo. The transaction will enable AOI TYO to accelerate its plans to further develop its digital media capabilities and take advantage of a fast-changing advertising market environment.