Case | HBS Case Collection | June 2005 (Revised May 2008)

Yamanote Kaikan

by Robin Greenwood, Arthur I Segel and Joshua Katzin

Abstract

In 2001, James O'Connell, president of Holyoke Japan, an affiliate of Larson Capital, a distress debt private equity firm, wants to bid on a 90 billion yen loan currently in default by the borrower, Sanjo Enterprises, for a popular wedding and banquet facility with an adjacent office tower in downtown Tokyo. O'Connell has to determine a bidding strategy, consider the competition, and price the deal.

Keywords: Borrowing and Debt; Private Equity; Price; Bids and Bidding; Competition; Japan;

Citation:

Greenwood, Robin, Arthur I Segel, and Joshua Katzin. "Yamanote Kaikan." Harvard Business School Case 205-084, June 2005. (Revised May 2008.)