Thursday, February 18, 2010

Another One that Didn't Stick for the Carlyle Group

Willcom Inc., a Japanese mobile phone company controlled by Carlyle Group, filed for bankruptcy protection Thursday, reports Business Week.

The Tokyo-based carrier's 206 billion yen ($2.2 billion) in liabilities is the biggest ever bankruptcy for a Japanese telecommunications company, according to private research firm Teikoku Databank.

The Carlyle Group owns 60 percent of Willcom. Kyocera Corp. holds a 30 percent stake, while KDDI Corp. has the remaining 10 percent.


  1. They tried to sell it, but had no buyers. Willcom joins the slate of fallen Carlyle affiliates:

    Carlyle Capital Corporation
    BlueWave Partners
    Hawaiian Telecom
    IMO Carwash
    Stallion Oilfield Services
    Verari Systems

  2. Rubenstein was interviewed by Bloomberg. DealBook has the transcript:

  3. It's a good thing the PEU boys have $1 trillion in dry powder. Maybe David can make back their Willcom loss: