Lone Star Funds is a worldwide private equity firm based in Dallas, Texas, that specializes in purchasing distressed companies and assets, often well-known consumer brands that have seen better times or gone through financial difficuties due to leveraged buy-outs. It also purchases underperforming and non-performing loans from banks; recently, the company has been active in Germany in purchasing such loans.
Lone Star has affiliate offices in Lond...
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Lone Star Funds is a worldwide private equity firm based in Dallas, Texas, that specializes in purchasing distressed companies and assets, often well-known consumer brands that have seen better times or gone through financial difficuties due to leveraged buy-outs. It also purchases underperforming and non-performing loans from banks; recently, the company has been active in Germany in purchasing such loans.
Lone Star has affiliate offices in London, Tokyo, Seoul, Taipei, Dublin, Brussels, Luxembourg, and Frankfurt. Its general partner is a Bermuda-based entity headquartered in Hamilton .
John Grayken along with Ellis Short are the company founders and chairmen.
Lone Star gained profit by collecting non-performing loans handed over from the former Tokyo Sowa Bank (now Tokyo Star Bank), which collapsed in 1999 and was then granted 760 billion yen from the Japanese government. However, the profit was transferred to a fund based in Bermuda via an Irish corporation, allegedly a shell,...
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