Feb 08.

Contributed by long time Japanese backountry telemark skier, SC:

A US VC bought Hakuba 47 Ski resort, released on Dec 22, 2007.
Warburg Pincus Japan got the 100% stock holder of Hakuba Forty
Seven Co. on Nov 20. The resort was establised by Chukyo TV Co.
on 1989 Dec, Nagano Winter Olympic Games, and then became an
independent comapany on April 2002.
The capital incresed to 235 million yen from 20 million yen.
The company has had the genenal manager, 5 directors, 11
employees and 6 contractors with newly coming 2 directors.
Sadamitsu Araki, the genreal manager told they would invest
the total of several 1,000 million yen for condos, gondora
facility and so on.
Re.:
http://www.shinmai.co.jp/news/20071223/KT071222FTI090007000022.htm
http://www.yomiuri.co.jp/e-japan/nagano/news/20071222-OYT8T00444.htm
http://www.warburgpincus.com/
http://www.rieti.go.jp/jp/events/bbl/03061301.html

SC