U.S. AND EUROPE
Ripplewood Partners LP. Invested $430 million in two dozen companies, from construction materials to frozen pies to educational publishing. Recently sold Edwards Baking and ICM Equipment Sales & Rental for three to five times cost.
Ripplewood Partners LP 2. Will have $1 billion under management soon for fresh deals in the U.S. and Europe. Investments include the polymers business of Royal Dutch/Shell Group.
Long Term Credit Bank of Japan, now called Shinsei Bank of Japan. Ripplewood purchased it for $1.2 billion and revamped information-technology system and branch network. The bank earned $730 billion in fiscal 2000, but it is still saddled with problem loans worth billions. It is expected to go public by 2005.
RHJ Japan Fund. Has raised $1.2 billion. Bought Niles Parts, recording house Nippon Columbia, and the bankrupt resort Seagaia, which cost $2.3 billion to build, for $150 million in all.