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.
at 9:47:00 PM

3 comments:

  1. PEU Report/State of the DivisionFebruary 19, 2010 at 10:19 AM

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

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

    ReplyDelete
  2. PEU Report/State of the DivisionFebruary 19, 2010 at 4:15 PM

    Rubenstein was interviewed by Bloomberg. DealBook has the transcript:

    http://dealbook.blogs.nytimes.com/2010/02/18/rubenstein-no-10-billion-l-b-o-s-anytime-soon/#comment-364147

    ReplyDelete
  3. PEU Report/State of the DivisionFebruary 19, 2010 at 4:27 PM

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

    http://dealbook.blogs.nytimes.com/2010/02/10/private-equitys-tough-fundraising-test/

    ReplyDelete

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