Hints and tips:
...The two-step gambit is made possible by the Lone Star state’s divisional merger law, which — unlike every other US state excluding Delaware — defines a merger to include “the division of a domestic entity...
...Lone Star, Apollo and Asda declined to comment....
...The Boston-headquartered group was on campus that year seeking recruits to build its business in the Lone Star state....
...That makes this deal different from the rescues over the past two years of Germany’s HSH Nordbank by US private equity groups led by Cerberus and JC Flowers, and of Portugal’s Novo Banco by Lone Star of...
...The European Commission approved the sale to Lone Star last week shortly after the completion of a bond buyback, or “liability management exercise”, a condition of the sale aimed at generating fresh capital...
...Funds run by many international investment companies, including Cerberus Capital Management, Goldman Sachs and Lone Star, were given this label after snapping up mortgage debt, properties and development...
...According to a Private Debt Investor survey, the top fund raiser was Dallas-based Lone Star Funds, which collected $28bn from investors including major pension funds, followed by Oaktree Capital Management...
...Last year, about €64bn of loan portfolios across Europe were acquired by buyers such as Lone Star, Apollo Global Management, Cerberus and Centerbridge....
...Private equity groups focused on buying the debt of troubled companies or assets, such as Lone Star, Oaktree Capital Management, Sankaty and Apollo Global Management, have started to snap up deals from Ireland...
...Lone Star declined to comment on the Osaka case....
...Several other big private equity firms have recently invested in Ireland including Kennedy Wilson, Blackstone and Lone Star....
...US real estate investment firms, including Blackstone, Lone Star and Starwood Capital, have expressed interest in buying all or part of Eurohypo in the UK, according to several people familiar with the process...
...A month earlier, Allied Irish Banks sold a €650m portfolio of non-performing Irish commercial property loans to Texas-based investment funds company Lone Star at a discount of almost 60 per cent last month...
...Several other private equity groups including Oaktree Capital Management, Lone Star, Carlyle Group and KKR are also eyeing €50bn in non-core assets, which are targeted for sale as banks shrink their balance...
...The more active players in the market – often called distressed debt funds – include Apollo Global Management, Lone Star Funds, Oaktree Capital Management and Blackstone....
...Kennedy Wilson and Lone Star also bid for the Lloyds portfolio being bought by Apollo, according to Irish media. Apollo was founded in 1990 by Leon Black, a former Drexel Burnham Lambert banker....
...Lloyds Banking Group has entered exclusive talks with Lone Star, the US private equity group, over the sale of £900m of distressed property loans....
...Forum offers a niche proposition, he adds, so there is space for it to operate and attract investors alongside the big names in distressed debt such as Blackstone, Apollo or Lone Star....
...Raine counts Sean Parker, former president of Facebook, and Eric Schmidt, chairman of Google among its investors....
...The bank is understood to be close to completing a deal with one of three private equity bidders, thought to be Cerberus, Lone Star and Colony Capital....
...Lone Star, which sold a key property in central Tokyo to Mitsubishi Estate earlier this year, is trying to find a buyer for a commercial complex that houses wedding and banquet halls as well as a museum,...
...There have been slip-ups in China and South Korea, where Lone Star officials brushed with the law, and losses in Germany. The real winners seize their prey during a crisis....
...Germany was a favoured destination in the early part of the decade for financial investors such as Lone Star, the private equity group, to snap up bad loan portfolios – contributing to a political backlash...
...Lone Star bought Merrill’s for 22 cents.”...
...HSBC’s bid to buy a 51% stake in KEB from Lone Star, the US buy-out group, expires April 30....
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