The head of U.S. investment fund Ripplewood Holdings LLC has said the company is ready to work with the Industrial Revitalization Corp., which will begin operations in early May, to help troubled Japanese firms.
"There are dozens of industrial sectors where we think we can be a catalyst for revitalization," Ripplewood Chief Executive Officer Timothy Collins said in a recent interview. "Therefore, we would be delighted to work with the IRC in a number of sectors, if we can be useful."
The organization will be established Wednesday and tasked with rebuilding heavily indebted companies that are still considered viable by accelerating the disposal of their bad loans.