Tim Collins '78 and Ripplewood Holdings Engineer $1.2 Billion Acquisition
September 2, 2006
September 2, 2006, Greencastle, Ind. - Ripplewood Holdings "is a $10 billion New York investment fund started by Wall Street banker Timothy Collins, a DePauw University philosophy major and a former manager at Columbus-based diesel maker Cummins Inc.," reports the Indianapolis Star. The story details how Honda supplier Asahi Tec of Japan -- which is controlled by Ripplewood -- is purchasing Metaldyne Corp., a supplier of automotive engine and chassis components, in a $1.2 billion deal. Tim Collins is a 1978 graduate of DePauw.
"What this does for us more so than anything is give us the opportunity for growth globally, no matter what region it is," Joseph Nowak, Metaldyne executive vice president, tells the newspaper. Read the article by Ted Evanoff by clicking here; a Bloomberg story can be accessed here.
[Download Video: "Timothy C. Collins '78" - 976kb] "From DePauw I received many things: a first-rate education with genuine analytical rigor," said Timothy C. Collins as he was awarded an honorary Doctor of Humane Letters degree from his alma mater on May 22, 2005. "I left DePauw with an enduring hunger for truth. Studying philosophy here with great and caring teachers was an innoculation against intellectual complacency."
Read more about the event in this previous story.
A June 2005 newspaper profile of Collins includes comments from his longtime friend and fraternity brother, Rob Apatoff '80, who is CEO of Rand McNally. Collins was also featured in a 2002 segment on CNBC. Video clips can be found in this article.Back