Sunbeam-Oster Company
Thesis
As majority stockholder, Japonica led a US$1.5 billion turnaround of Sunbeam-Oster, resulting in a 5.9 times investment multiple and 104% IRR in 3 years, saving 10,000 jobs.
Did it work?
worked
confidence: low
The thesis is retrospective, asserting that Japonica's US$1.5 billion turnaround of Sunbeam-Oster was completed with a 5.9x multiple and 104% IRR over three years. These events are consistent with the documented historical record of Japonica's early-1990s Sunbeam-Oster investment, which was realized at a substantial profit via public offerings and stake sales, so the thesis's stated outcome did occur. With no price data available, confidence remains low per the evaluation rules.