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Funds Managed by JPMorgan Partners Announce Sale of Rhythm Corporation to CarlyleNEWS RELEASE Tokyo, Japan - Private Equity Funds managed by an affiliate of J.P. Morgan Partners, LLC (JPMP) announced today that they, together with management, have sold Rhythm Corporation, an automotive component manufacturer based in Japan, to Global private equity firm The Carlyle Group. The JPMP funds and management acquired Rhythm from Nissan Motor Corporation in an MBO transaction in August 2002. Under the terms of the transaction, The Carlyle Group and Rhythm management will acquire 100% of the outstanding shares in Rhythm. Financial terms of the transaction were not released. Rhythm is a manufacturer of ball joints and other structural components supplied to major Japanese and American automakers, including Nissan. In the two years since being acquired by the JPMP funds, its annual sales have risen by more than 30% to 30.4 billion yen, with a large portion of those new sales coming from outside Japan. John Lewis, Japan Representative of J.P. Morgan Partners Asia Pte. Ltd. and Advisor to the manager of the JPMP funds, said that when the JPMP funds acquire Rhythm, the funds brought a lot of successful auto industry experience and local and global operating expertise, and set challenging performance targets for the company. JPMP is delighted that these targets have been met and exceeded more quickly than anticipated. Management has done an excellent job, and has been a good partner to JPMP. We believe this is an ideal time for Rhythm to transition to new owners, well placed to help guide the company to the next level of growth. Tamotsu Adachi, Carlyle Management Director and Head of the Japan Team, said, Rhythm today is an highly regarded auto parts maker, with a very strong management team, the highest quality products and a very solid market position, based on an expanding customer base that includes many of the worlds leading auto manufacturers. The auto industry is one of our core target sectors in Japan. We believe Carlyles global platform and auto industry expertise will enable us to assist the company to become an ever stronger global player in its industry. Katsuo Kitamura, President and CEO of Rhythm, said, We are extremely pleased with the progress Rhythm has made in partnership with JPMP. Rhythm has successfully transitioned from a captive parts supplier, as part of the Nissan keiretsu, to a strong, independent and rapidly growing global components supplier. 回到新闻主页 |
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CCMP亚洲投资基金建立于2005年10月。本公司的管理团队曾经运营和管理摩根大通亚洲投资基金, 也就是摩根大通集团私募股权投资部门。这里展示的历史信息和记录反映了CCMP 亚洲投资基金的人员在管理摩根大通亚洲投资基金中所做的一些工作。这里所述的一切并不构成任何销售要约或做出任何投资抑或购买对任何投资媒体的证券的要约。 © 2006 CCMP亚洲投资基金 保留一切权利 |
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