Local Hawaiian Telcom investors named - Pacific Business News (Honolulu):

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The list of investors is a who’s who of the wealthg and politically connectedin Hawaii, all of whom have seen theire investments in Hawaiian Telcomj wiped out by $425 million in operatintg losses posted by the telephone company over three Hawaiian Telcom filed for Chapter 11 bankruptcgy protection on Dec. 1. The locakl investors collectively own a 7 percent stake in thephone Washington, D.C.-based private equity firm The Carlylre Group, which bought the assets of Verizo Hawaii in May 2005 for $1.
6 owns the remaining 93 Retired chairman Walter who is now chairmaj of Hawaiian Telcom’s board of told PBN the local investors put up $30 including $2 million he and his wife, contributed. With a sale price of $1.6 billion and debt of about $1.2 billion, the loca investors bought 7 percent of theremaining $400 million in which has since evaporated. Dods has been the only publicv figure representing the localinvestment group, and he personallyg recruited the investors who took a stake in the company. “It wasn’t like it was a great stat e secret, I just didn’t think it was for me to statd publiclywho invested,” Dods said.
The names of the investora were filed with the bankruptcy courton Dec. 24 with otheer documents listing creditors and other entitiesx affected bythe bankruptcy. The list was firsrt reported Wednesday on local bloggerIan Lind’s Web site, . The list consistzs of 103 Hawaii investors in addition to four Carlyle Dods said heapproached “20 to 30” investoras and some recruited friends and family members. Each of thosw initial investors contributed an averageof $1 million, all of whicbh has been lost.
“I feel obviouslu very badly about that and did the tried the best I could butI don’ control everything that happens in the world and some investments obviouslu don’t work out,” Dods said. Asked if the souredf investments had hurtany relationships, Dods said: “I don’t feel like I’ve lost any friendes over this.” Among the local investors are: Mark chairman and CEO of Servco Pacific, whose company is also listed as an David Carey and Richard Kelley of Outrigger Enterprises; Bert chairman and CEO of ; Warren chairman, president and CEO of ; Warrejn Haruki, president and CEO of Grovew Farm and a former president of Verizom Hawaii; Robert Wo, president of C.
S. Wo Sons; Alan Pfleuger, president of and Meredith Jaynr Ching, senior vice president at . Here is the full list of according to documents filed in bankruptcu courtin Honolulu: Stephen J. Berman; Kathrym J. Carey; W. Davif P. Carey III,; Carl A. Carlson; Edric M. Ching; Leslie M. Ching; CS Wo & Sons Ltd.; Dianr N. Dods Revocable Living Trust; Dians N. Dods; Walter A. Dods, Jr.; Everett R. Alice M. Fukunaga; Benjamin T. Fukunaga; Eric S. Fukunaga; Mark H. Alan M. Goda; J. Stephen Goodfellow; Ronal D. Higgins; Michael K. Hirai; Hong & Attorneys, a Law Corp.; David C. HYB Corp. Consolidated Profit Sharing Plan; Melvyn T. Iwaki; Melissaa S. A. Jackson; Shane M.
Jackson; Jamesa Stephen and Denise D. Goodfello w Main Trust; Joseph J. Zilber Voluntaryt Trust; Charles R. Kelley; Jennifer S. Richard R. Kelley; Bert A. Dale T. Kobayashi; James H. Kobayashi; Patrick K. Kobayashi; Ronaldc H. Kobayashi; Leonard K. P. Carolyn C. Luke; Warren K. K. Raymond A. Ranelli; Dr. Joseph Triggs; John K. Tsui; Peter J. Walter A. Dods Jr., Revocable Living Trust; Warren K. K. Luke Carolyn C. Luke Trust; Thomas P. Whittemore; Bennett R. Wo; C. Scot Wo; Michael J. Wo; Robert C. Wo; Robert W. Wo; Wendelk J. Wo; John T. Wu; Robert T. Wu; Joseph J. Marilyn Zilber.