Buy-out Firms: Japan’s Engine for Recovery

June 1, 2006
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Corporate Program past event

Corporate Luncheon
Thursday, June 1
12 – 2 pm

Read the Event Summary.


Richard Folsom, Representative Partner, Advantage Partners, LLP

Jun Makihara, Chairman, Neoteny Co., Ltd.

In October 2002, Japan’s Financial Services Agency implemented the “Program for Financial Revival.”  This reform legislation represented official confirmation by the Japanese government that Japan would not be able to escape from the decade-long economic slump without resolution of the nonperforming loan issue.  Long derided as corporate raiders, Japan’s private equity buy-out firms were seen as key to resolving this issue.  Advantage Partners has been a central player in many of Japan’s recent buy-out success stories including Kanebo Cosmetics and Daiei.  The firm is confident that many companies held in bank’s non-performing loan portfolios have core competitive strengths and can be revived through debt restructuring and management reorganization. Representative Partner Richard Folsom will discuss the pivotal role buy-out firms have played as the engine driving the current economic recovery. 

About Richard Folsom
Richard Folsom founded Advantage Partners in 1992 with Taisuke Sasanuma. His previous experience was in management consulting with Bain & Company, primarily in their Tokyo office, where he accumulated eight years of experience in developing and implementing strategies for both foreign and domestic corporations in the Japanese market. He received his undergraduate degree in Japanese and Economics from Brigham Young University, and received an MBA degree from the Wharton School of the University of Pennsylvania. Mr. Folsom also serves as Representative Director of APM Co., Ltd.

12 – 12:30 pm   Registration & reception
12:30 – 1   Luncheon
1 – 2   Lecture

Admission: Corporate members are entitled to a designated number of free admissions to this event, based on their company’s current membership level. These reservations must be made at least 48 hours prior to the event. Additional corporate registrants and Japan Society individual members at the Patron level and above pay the discounted corporate member rate of $45 for lunch and lecture, $10 for lecture only.  Nonmember admission: $65 for lunch and lecture, $15 lecture only.  The academic and government admission rate is $30 for the luncheon and $10 for lecture only.  When payment is required, prepayment must be made, or registration secured, with a credit card. All registrations and cancellations must be made at least 48 hours prior to the event. Substitutions are welcome.

  • Thursday, June 1, 2006
  • 12:00 pm