Gyrus

"It wouldn't be too much to call the Gyrus business a success today," Mr. Takayama said at Thursday's news conference, adding that the payment to the adviser was "worth it."

Olympus Defends Payments to U.K. Firm Phred Dvorak 2011

In one of the deals for which Olympus is under scrutiny, the company paid adviser Axes America and an affiliate $687 million for work on the $1.9 billion purchase of U.K. medical-technology firm Gyrus Group Ltd. in 2008.

Nobel Economist Served on Olympus Board Phred Dvorak 2011

The auditing panel is also looking into whether it was proper for Olympus to book as goodwill preferred shares used to pay advisory fees for the acquisition of U.K. medical-technology company Gyrus Group PLC.

TPG Is Exploring Joint Investment in Olympus Alison Tudor 2012

The payments Mr. Woodford has questioned include the acquisitions of small Japanese companies for a total of 73.49 billion yen between 2006 and 2008, and $687 million Olympus paid to a company that provided financial advice in the 2008 acquisition of U.K. medical technology firm Gyrus Group Ltd.

Olympus to Set Up Third-Party Committee on Past Acquisitions Juro Osawa 2011

But, the report said, they had to rewrite the first contract in order to inflate the fees further, because their first acquisition choice fell through and they instead chose a smaller company—Gyrus Group Ltd. of the U.K.—that wouldn't have generated enough money according to the original terms.

At Olympus, Stumbles in Scandal Juro Osawa 2011

Mori and Yamada wrote off those losses using $687 million in fees attached to Olympus's acquisition of U.K. medical-technology firm Gyrus Group PLC as cover.

Panel Calls Olympus 'Rotten' at Core Daisuke Wakabayashi 2011

Attention will also be focused on what the panel, led by a Supreme Court judge, has to say about the role of outsiders in the scandal, including Akio Nakagawa, a banker with lengthy ties to Olympus and whose firm Axes received a mammoth advisory fee in the purchase of U.K. medical equipment maker Gyrus in 2008.

Olympus Report To Be Released Next Week, Opening Way For Possible Criminal Complaints Maxwell Strachan 2011

The deals being examined by the committee include the $1.9 billion purchase of U.K. medical-technology firm Gyrus Group Ltd. in 2008, for which a little-known financial adviser based in the Cayman Islands received a total payout of $687 million.

Olympus Delays Earnings Release Kana Inagaki 2011

Attention will also be focused on what the panel, led by a Supreme Court judge, has to say about the role of outsiders in the scandal, including Akio Nakagawa, a banker with lengthy ties to Olympus and whose firm Axes received a mammoth advisory fee in the purchase of U.K. medical equipment maker Gyrus in 2008.

Olympus Report To Be Released Next Week, Opening Way For Possible Criminal Complaints Maxwell Strachan 2011

The Olympus board in November 2007 approved the Gyrus deal and contracts that named Axes as its financial adviser, according to the company and a 2009 report on the deals by an outside panel.

Nobel Economist Served on Olympus Board Phred Dvorak 2011