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Ripplewood to take over failed operator of Seagaia complex

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.

  •  
Ripplewood to take over failed operator of Seagaia complex

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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