Westlake Canyon Partners Inc., a Westlake Village-based subsidiary of DIS Co. Ltd. in Japan, has acquired MorNorth Mortgage Holdings Inc. to assist with its strategy of taking Japanese companies into the public markets in the U.S. MorNorth is a pink-sheet traded company based in New Mexico. Westlake Canyon Partners will assist DIS, an incubator company that invests in promising Japanese venture companies, in taking a planned 20 Japanese companies public in its first year of operation. Westlake Canyon Partners has agreed to purchase a 90 percent interest in MorNorth. The deal, for an undisclosed sum, is scheduled to close in the next 30 days.
Unit of Japanese DIS Co. Readies to Enter U.S. Market