Ripplewood to sell holdings in Japanese record label Columbia

21 Jan 2010

US private equity firm Ripplewood Holdings is to sell its stake in Japan’s Columbia Music Entertainment as part of a move to focus on financial services. The 25.5 per cent holding is to be sold to Faith Inc for 2.5bn yen ($27.3m) through RHJI International, the Brussels-listed arm of the US investment firm.

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