Carlyle agrees to acquire SUGIKO

Tokyo, Japan - 4 March 2026 - Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to acquire SUGIKO Co., Ltd. ("SUGIKO"), a leading scaffolding rental operator, from ORIX Corporation. The transaction is subject to customary regulatory approvals and other closing conditions.

Founded in 1953 and headquartered in Kanagawa Prefecture, SUGIKO is a pioneer in the Japanese scaffolding industry having established the rental model in the 1970s. The business' long-standing track record, combined with its strong commitment to safety and quality which is valued by customers, has positioned SUGIKO as one of the industry's leading players. With a nationwide footprint, SUGIKO serves a broad range of customers primarily in the construction and plant sectors, providing scaffolding rental as well as safety-focused support services. Over the decades, the company has contributed to enhancing safety and operational efficiency at construction and infrastructure sites across Japan.

In Japan's construction and infrastructure sectors, structural demand continues to be driven by facility repair and renewal projects, urban redevelopment, increasingly stringent safety standards, and ongoing labor shortages. In this environment, stable access to high-quality scaffolding solutions and safety-focused services plays an essential role in supporting social infrastructure. SUGIKO has built a reputation for reliability and quality through its long-standing commitment to safety and customer service, contributing to improved safety and productivity at worksites across Japan.

Carlyle will work in partnership with SUGIKO's management team to build on the initiatives implemented under ORIX's ownership, while further enhancing value for customers and supporting the company's sustainable, long-term growth. Carlyle is committed to maintaining SUGIKO's strong safety and quality focused culture and supporting its continued development as a trusted partner to its customers.

The investment in SUGIKO further strengthens Carlyle's track record of investing in the Social Infrastructure sector in Japan. Carlyle has been actively investing in infrastructure-related businesses globally and continues to expand its presence in Japan's social infrastructure sector. Investments in this space include Iwasaki Electric, Enewill, Kokusai Kogyo, and SENQCIA.

++

About Carlyle Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $477 billion of assets under management as of December 31, 2025, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 27 offices across four continents. Further information is available at https://www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Media Contacts

Carlyle

Andrew Kenny+44 7385 [email protected]

Kaede Haseda+81 80 4209 [email protected]

Brunswick Group

Masato Ui+81 80 6538 [email protected]