WL Ross-backed Ohizumi to go public
Ohizumi, a temperature sensors electrical parts manufacturer backed WL Ross, will list on the Tokyo Stock Exchange on June 22.
The company said in a statement dated May 18 that it has received approval from the local bourse.
WL Ross invested in Ohizumi in January 2003. Wilbur L. Ross, head of the investment group, is one of the company's directors.
Founded in 1939, Ohizumi designs and manufactures thermistors, varistors, and thermistor temperature sensors for use in automotive, household appliances, and industrial equipment.
WL Ross, which joined Invesco in 2006, invests in and restructures financially distressed companies. Since 1981, Invesco Private Capital and its predecessor firms have committed over $4.2 billion to more than 450 private equity partnerships worldwide.
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