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Date of Investment: January 2006 |
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| Pure holding company (SEIBU HOLDINGS INC.) retaining core subordinated businesses, including Seibu Railway Co., Ltd., and Prince Hotels Inc.; the former has strength in generating stable cash flow and the latter is one of the largest hotel brands in Japan. |
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Support management team to discontinue former business practices and move forward with active reforms. |
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Encourage the group to strengthen corporate governance, implement a tie-up strategy, and use outside human resources actively. |
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Allocate the newly raised funds freely for renewals and new developments of Prince Hotels in conjunction with a rebranding strategy implementation in order to achieve a significant improvement in enterprise value. |
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| CCPJ currently holds a 15.6% equity stake in Seibu Holdings (the second largest shareholder after Cerberus Group) as a result of a principal investment of approximately 50 billion yen, part of the total 160 billion yen raised by Seibu Holdings. |
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Reconstruction measures were carried out with a focus on group composition to promote further restructure and were completed by the end of March 2006. New organizational and operational structures are being established for a new Seibu Group. |
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Seibu Group’s policy is to relist shares on the stock exchange in three years’ time. |
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:A new window will be opened.) |
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| *Post in investment date order |
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