The great Japan gold rush begins (was The New N at zi$m)

Charles Jannuzi jannuzi at edu00.f-edu.fukui-u.ac.jp
Sun Feb 17 05:42:30 PST 2002


If you want to see the action plan for the new rulers of globalized Japan, check out:

http://www.asianfn.com/conferences/conference_pdf/Conf_Japan_2002_Brochure.p df

2002 AVF / JAPAN Global Perspective—Local Opportunities OPPORTUNITIES IN JAPANESE PRIVATE EQUITY: A CONTRARIAN VIEW The Four Seasons Hotel, Tokyo, Japan March 4-6, 2002 Sponsored by Organized by

Well, organized by American M&A/takeover specialists.

Here's a sample of what's on the program:

3:15 PM RECAPS AND DISTRESSED ASSETS HEAVEN ON EARTH? There’s more than one way to climb Mt. Fuji—and to generate private equity returns in Japan. Try distressed debt. Says one expert, “about US$300 billion has been purchased generally on average of $0.10 on the dollar.”
>From NPLs to underwater mortgages to corporate
bankruptcies, Japan offers a potential paradise for players with the staff to analyze thousands of individual loan documents and the capital to tote the notes over 1-2 years. There’s also South Korea, Indonesia and Thailand to consider. Experts discuss what, to date, may be only the tip of the iceberg in this little known sector. Andrew Oksner, Head, Asian Real Estate, CDP Capital Sekiya Koichi , Co-General Manager, Corporate Advisory Division, The Bank of Tokyo-Mitsubishi Jack Rodman, Managing Director, Ernst & Young Asia Pacific Financial Solutions Group JAPANESE BUYOUTS, MBOS AND LBOS FOREIGN BUYERS AS THE CLEAN-UP CREW The “Open for Business” sign hangs visibly on the door for Japanese M&A while the statistics tell a good story. But walk inside and only the most desperate situations are tagged for sale to overseas acquirers (e.g., LTCB, Seagaia or Kofuku Bank). Do Japanese remain overly suspicious of foreign buyers and why? Or do they think that only foreign buyers have the will and wherewithal to do the job? What will it take for foreign buyers to be shown the quality wares? Buyers and sellers review done deals and analyze the factors that are critical to a successful MBO in Japan. Nonomiya Hiroshi, Managing Director, Ripplewood Holdings Japan Shizunaga Kensuke, Managing Director, The Carlyle Group Lawrence Miao, Managing Director, Olympus Capital Jane Crawford, Managing Director, 3i Asia-Pacific Moderator: Brian Bremner, Bureau Chief, BusinessWeek

You might figure Business Week's chief Japan cocksucker, Brian Bremner, is moderating for Ripplewood and Carlyle. You don't think this is a nifty follow-up to the Bush visit?

Charles Jannuzi



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