RHJ sold partial stake in Japanese auto play U-Shin
RHJ International, the Belgium-based holding company operated by US buyout firm Ripplewood Holdings, has sold about half of its 20% stake in U-Shin, Ltd., a Japanese manufacturer of electrical auto components, for ¥1.9 billion ($20.85 million).
The fund paid ¥8 billion ($88.5 million) in April 2006 for 20% of the Tokyo Stock Exchange-listed manufacturer, becoming the single largest investor in the company. Since the acquisition, RHJ has appointed...
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