Mizuho Capital To Sponsor Bankrupt LCD Backlight Maker

Nippon Leiz Co., a LCD backlight manufacturer under a court-led civil rehabilitation process, announced that it has appointed Mizuho Capital Partners Co., a Tokyo-based investment firm, as a restructuring sponsor. Mizuho Capital Partners will acquire operations from Nippon Leiz. Under the plan, Mizuho Capital will set up a new firm in July with capital of about 1~2 billion yen. Nippon Leiz management will be invited to invest in the new firm.