| Jul18th | ![]() |
Taiyo Fund Increases Stake in Roland DG Corp (6789) |
The Taiyo Fund announced today that it has significantly increased its position in Roland DG Corp (6789) to over 9% and is the companyaddSchoolForms second largest shareholder. Roland DG Corporation, a consolidated subsidiary of Roland Corporation (7944), is a leading manufacturer of large color printers and 3D modeling equipment. The Taiyo Fund is known for its cooperative investment style working with senior management to enhance shareholder value.
Brian K. Heywood, Chief Executive Officer and Managing Partner of Taiyo Pacific Partners, said, "We continue to be impressed with the innovative spirit and open management style of Roland DG. We look forward to a continued cooperative relationship in areas of mutual interest for management and shareholders."
Wilbur L. Ross Jr., Chairman of the Taiyo Fund investment committee said, "The increase in our position underscores the high value we place on Roland DGaddSchoolForms ability to consistently deliver innovative solutions to clients and customers. We are delighted to have a positive working relationship with the companyaddSchoolForms highly capable management team."
The Taiyo Fund was organized in July 2003 with an initial equity investment of $200 million by CalPERS, the State of California Public Employees Retirement System. The Fund currently has over $1.2 billion under management. The Fund is co-managed by Taiyo Pacific Partners LP and by WL Ross & Co. LLC. Taiyo Pacific Partners, located in Monterey, California, was founded in 2003 by bilingual professionals dedicated to friendly shareholder activism in Japan.
For information contact:
Wilbur L. Ross
212-826-2111
wlross@wlross.com
Brian K. Heywood
425-986-5301
bheywood@tppllc.com
Added on July 18, 2006
Filed Under
All, Japan, Press Releases by Blog
