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Softbank to buy Japan Telecom from Ripplewood for 340 bil. yen

TOKYO, Japan - (From L to R) Ripplewood Holdings, LLC CEO Timothy Collins, Softbank Corp. President Masayoshi Son and Japan Telecom Co. President Hideki Kurashige shake hands at a Tokyo hotel on May 27 after Softbank announced the same day it will buy Japan Telecom from U.S. investment fund Ripplewood for about 340 billion yen in the fall.

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Ripplewood to invest 3.5 bil. yen to improve Seagaia resort

MIYAZAKI, Japan - Michael Glennie, president of Ripplewood Lodging, speaks at a press conference in Miyazaki on Dec. 8 about a plan to invest more than 3.5 billion yen to renovate existing facilities at the Phoenix Seagaia Resort complex in Miyazaki.

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Ripplewood to seek synergy effect from Daiei assets

TOKYO, Japan - Timothy Collins, Chief Executive Officer of Ripplewood Holdings LLC, speaks to reporters in Tokyo on Sept. 17. He said the U.S. investment fund wants to buy Daiei Inc.'s properties in Fukuoka in a bid to seek a synergy effect.

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Ripplewood announces acquisition of Japan Telecom

TOKYO, Japan - Japan Telecom Holdings President William Morrow (L) and Ripplewood Holdings LLC Managing Director Jeffrey Hendren shake hands at a news conference in Tokyo on Aug. 21 after signing an agreement on Ripplewood's acquisition of Japan Telecom Co., the fixed-line carrier arm of Japan Telecom Holdings Co., which operates under the wing of British mobile giant Vodafone Group PLC.

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Ripplewood ready to work with Japan's IRC

TOKYO, Japan - Timothy Collins, chief executive officer of U.S. investment fund Ripplewood Holdings LLC, speaks in a recent interview with Kyodo News in Tokyo. He said Ripplewood is ready to work with Industrial Revitalization Corp. (IRC), set to begin operating in early May, to help troubled Japanese firms.

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Ripplewood shows interest in failed Huis Ten Bosch

TOKYO, Japan - Timothy Collins, president of U.S. investment fund Ripplewood Holdings LLC, speaks in an interview with Kyodo News on March 12. He expressed interest in the possibility of investing in the failed Huis Ten Bosch theme park in Nagasaki Prefecture.

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Seagaia resort hotels make fresh start as Sheraton members

MIYAZAKI, Japan - Michael Glennie, president of Phoenix Resort, operator of the Seagaia resort complex, speaks at a ceremony in Miyazaki on Jan. 10 to mark a fresh start for two hotels of the failed resort. Glennie said the two hotels will do business as Sheraton member hotels. Phoenix Resort is owned by U.S. investment company Ripplewood Holdings LLC, which purchased Seagaia for 16.2 billion yen last June after Phoenix Resort collapsed in February the same year with debts of 326.1 billion yen.

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Court approves Seagaia rehabilitation plan+

MIYAZAKI, Japan - Yasumasa Sato (R), the court-appointed administrator of Seagaia, speaks at a news conference Aug. 3 after the Miyazaki District Court approved a rehabilitation plan for the failed resort complex, paving the way for it to be reborn in September under the auspices of U.S. investment fund Ripplewood Holdings LLC.

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Seagaia's rehabilitation plan submitted to court

MIYAZAKI, Japan - Yasumasa Sato (C), the court-appointed administrator of the failed Seagaia resort complex, speaks July 11 at a news conference in Miyazaki after submitting Seagaia's rehabilitation plan to the Miyazaki District Court. If creditors approve the plan, Seagaia will be reborn in September under the auspices of U.S. investment fund Ripplewood Holdings LLC.

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Ripplewood signs deal to buy Seagaia resort

MIYAZAKI, Japan - Jesse Robert Lovejoy (L), senior managing director of Ripplewood Holdings LLC, signs an agreement to buy the failed Seagaia resort complex in Miyazaki Prefecture from Phoenix Resort Co. At right is Yasumasa Sato, court-appointed administrator.

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Ripplewood poised to buy Japanese firms

NEW YORK, United States - Ripplewood Holdings LLC Chief Executive Officer Tim Collins speaks in an interview with Kyodo News at the company headquarters in New York on June 7. He said Ripplewood plans to spend up to 200 billion yen more over the next three years to purchase Japanese companies.

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Ripplewood to take over failed operator of Seagaia complex

MIYAZAKI, Japan - The photo, taken in October 1997, shows the Seagaia resport complex in Miyazaki Prefecture. Sources said May 11 that U.S. investment fund Ripplewood Holdings LLC will take over the operations of the failed operator of the resort complex. Ripplewood, which made headlines last year by becoming the first foreign firm to buy a Japanese bank, will be the first foreign company to take over a failed semipublic entity.

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Nippon Columbia to seek rehabilitation under Ripplewood

TOKYO, Japan - Flanked by Nippon Columbia Co. President Tadahiko Shinohara (L), Strauss Zelnick, who has been named chairman of the company, speaks at a news conference in Tokyo on May 9. The troubled Japanese audio manufacturer said it will seek rehabilitation under the wing of U.S. investment firm Ripplewood Holdings LLC.

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Ripplewood-led group picked as possible LTCB buyer

TOKYO, Japan - The Financial Reconstruction Commission, in a meeting in Tokyo on Sept. 28, decides to open priority negotiations with an investor group led by U.S. investment house Ripplewood Holdings LLC on sale of the nationalized Long-Term Credit Bank of Japan (LTCB). Second from L is commission chairman Hakuo Yanagisawa.

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Reps of New LTCB Partners meet press

TOKYO, Japan - New LTCB Partners CV representatives Masamoto Yashiro (L) and Timothy Collins (R) shake hands before holding a press conference at a Tokyo hotel on Sept. 28 as the Japanese government announced the same day that New LTCB Partners, an investor group led by U.S. investment house Ripplewood Holdings LLC, is the most preferred candidate to acquire all the operations of the nationalized Long-Term Credit Bank of Japan (LTCB).

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Seagaia resort hotels make fresh start as Sheraton members

MIYAZAKI, Japan - Michael Glennie, president of Phoenix Resort, operator of the Seagaia resort complex, speaks at a ceremony in Miyazaki on Jan. 10 to mark a fresh start for two hotels of the failed resort. Glennie said the two hotels will do business as Sheraton member hotels. Phoenix Resort is owned by U.S. investment company Ripplewood Holdings LLC, which purchased Seagaia for 16.2 billion yen last June after Phoenix Resort collapsed in February the same year with debts of 326.1 billion yen.

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Ripplewood shows interest in failed Huis Ten Bosch

TOKYO, Japan - Timothy Collins, president of U.S. investment fund Ripplewood Holdings LLC, speaks in an interview with Kyodo News on March 12. He expressed interest in the possibility of investing in the failed Huis Ten Bosch theme park in Nagasaki Prefecture. (Kyodo)

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Nippon Columbia to seek rehabilitation under Ripplewood

TOKYO, Japan - Flanked by Nippon Columbia Co. President Tadahiko Shinohara (L), Strauss Zelnick, who has been named chairman of the company, speaks at a news conference in Tokyo on May 9. The troubled Japanese audio manufacturer said it will seek rehabilitation under the wing of U.S. investment firm Ripplewood Holdings LLC.

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Softbank to buy Japan Telecom from Ripplewood for 340 bil. yen

TOKYO, Japan - (From L to R) Ripplewood Holdings, LLC CEO Timothy Collins, Softbank Corp. President Masayoshi Son and Japan Telecom Co. President Hideki Kurashige shake hands at a Tokyo hotel on May 27 after Softbank announced the same day it will buy Japan Telecom from U.S. investment fund Ripplewood for about 340 billion yen in the fall. (Kyodo)

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Timothy Collins

TOKYO, Japan - Timothy Collins, chief executive officer of Ripplewood Holdings LLC, says the company is not planning to repurchase the stock of Shinsei Bank in an interview with Kyodo News on April 29. (Kyodo)

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Ripplewood to invest 3.5 bil. yen to improve Seagaia resort

MIYAZAKI, Japan - Michael Glennie, president of Ripplewood Lodging, speaks at a press conference in Miyazaki on Dec. 8 about a plan to invest more than 3.5 billion yen to renovate existing facilities at the Phoenix Seagaia Resort complex in Miyazaki. (Kyodo)

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Ripplewood to seek synergy effect from Daiei assets

TOKYO, Japan - Timothy Collins, Chief Executive Officer of Ripplewood Holdings LLC, speaks to reporters in Tokyo on Sept. 17. He said the U.S. investment fund wants to buy Daiei Inc.'s properties in Fukuoka in a bid to seek a synergy effect. (Kyodo)

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Ripplewood announces acquisition of Japan Telecom

TOKYO, Japan - Japan Telecom Holdings President William Morrow (L) and Ripplewood Holdings LLC Managing Director Jeffrey Hendren shake hands at a news conference in Tokyo on Aug. 21 after signing an agreement on Ripplewood's acquisition of Japan Telecom Co., the fixed-line carrier arm of Japan Telecom Holdings Co., which operates under the wing of British mobile giant Vodafone Group PLC. (Kyodo)

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Ripplewood ready to work with Japan's IRC

TOKYO, Japan - Timothy Collins, chief executive officer of U.S. investment fund Ripplewood Holdings LLC, speaks in a recent interview with Kyodo News in Tokyo. He said Ripplewood is ready to work with Industrial Revitalization Corp. (IRC), set to begin operating in early May, to help troubled Japanese firms. (Kyodo)

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Court approves Seagaia rehabilitation plan+

MIYAZAKI, Japan - Yasumasa Sato (R), the court-appointed administrator of Seagaia, speaks at a news conference Aug. 3 after the Miyazaki District Court approved a rehabilitation plan for the failed resort complex, paving the way for it to be reborn in September under the auspices of U.S. investment fund Ripplewood Holdings LLC.

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Ripplewood signs deal to buy Seagaia resort

MIYAZAKI, Japan - Jesse Robert Lovejoy (L), senior managing director of Ripplewood Holdings LLC, signs an agreement to buy the failed Seagaia resort complex in Miyazaki Prefecture from Phoenix Resort Co. At right is Yasumasa Sato, court-appointed administrator.

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Ripplewood poised to buy Japanese firms

NEW YORK, United States - Ripplewood Holdings LLC Chief Executive Officer Tim Collins speaks in an interview with Kyodo News at the company headquarters in New York on June 7. He said Ripplewood plans to spend up to 200 billion yen more over the next three years to purchase Japanese companies.

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Ripplewood to take over failed operator of Seagaia complex

MIYAZAKI, Japan - The photo, taken in October 1997, shows the Seagaia resport complex in Miyazaki Prefecture. Sources said May 11 that U.S. investment fund Ripplewood Holdings LLC will take over the operations of the failed operator of the resort complex. Ripplewood, which made headlines last year by becoming the first foreign firm to buy a Japanese bank, will be the first foreign company to take over a failed semipublic entity.

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New LTCB chief vows to revive int'l operations

TOKYO, Japan - Masamoto Yashiro, new president of the Long-Term Credit Bank of Japan (LTCB), meets reporters in Tokyo on March 3. He pledged the bank will be back in the international financial business in two to three years. The LTCB was sold March 1 by the government for 1 billion yen to New LTCB Partners CV, an Amsterdam-based international financial consortium led by Ripplewood Holdings LLC of the United States.

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LTCB seeks taxpayers' money for capital base

TOKYO, Japan - Masamoto Yashiro, president of the Long-Term Credit Bank of Japan (LTCB), arrives at the office of the government's Financial Reconstruction Commission (FRC) on March 3 to file a formal request for an injection of taxpayers' money to strengthen the bank's capital bases. LTCB, which New LTCB Partners CV. (NLP), a group of financial companies led by U.S. fund Ripplewood Holdings LLC, has just bought from the government, is seeking 240 billion yen in public funds.

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LTCB board members hold first meeting

TOKYO, Japan - The 14 board members of the newly privatized Long-Term Credit Bank of Japan (LTCB) hold their first meeting in Tokyo on March 2. The bank was bought March 1 by New LTCB Partners CV. (NLP), an Amsterdam-based international consortium led by U.S. fund Ripplewood Holdings LLC, as the first major Japanese commercial bank to come under foreign ownership.

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New LTCB to open as FRC approves agreement

TOKYO, Japan - The Financial Reconstruction Commission on Feb. 9 approved the final agreement on the sale of the nationalized Long-Term Credit Bank of Japan (LTCB) to an international consortium led by U.S. fund Ripplewood Holdings LLC. The new LTCB begins operations March 2. Among the signatories to the agreement were Masamoto Yashiro (third from R), as representative of New LTCB Partners, LTCB President Takashi Anzai (second from L), Noboru Matsuda (third from L), governor of Deposit Insurance Corp. (DIC), which owns LTCB's 2.4 billion common shares, Ripplewood founder Timothy Collins (second from R), and Christopher Flowers (R), former head of the Goldman Sachs Financial Institutions Group. At left is Keiji Matsuda, deputy governor of DIC.

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Ripplewood-led group picked as possible LTCB buyer

TOKYO, Japan - The Financial Reconstruction Commission, in a meeting in Tokyo on Sept. 28, decides to open priority negotiations with an investor group led by U.S. investment house Ripplewood Holdings LLC on sale of the nationalized Long-Term Credit Bank of Japan (LTCB). Second from L is commission chairman Hakuo Yanagisawa.

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Reps of New LTCB Partners meet press

TOKYO, Japan - New LTCB Partners CV representatives Masamoto Yashiro (L) and Timothy Collins (R) shake hands before holding a press conference at a Tokyo hotel on Sept. 28 as the Japanese government announced the same day that New LTCB Partners, an investor group led by U.S. investment house Ripplewood Holdings LLC, is the most preferred candidate to acquire all the operations of the nationalized Long-Term Credit Bank of Japan (LTCB).