Lone Star Funds

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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.[1]

John Grayken is the company founder and chairman.

[edit] Holdings

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  • Tokyo Star Bank, acquired 2001, noticed with its unique stragetic operations like Master Debit Card (first in Japan).
  • Korea Exchange Bank, acquired 2003; Lone Star is attempting to sell it to Kookmin Bank, but is facing criminal investigations from Korean regulators for stock manipulation, among other charges
  • Lone Star Steakhouse, acquired in 2006 (Note: The name similarity between the investment firm and the restaurant chain is coincidental; the companies had no relationship prior to the purchase.)
  • BI-LO/Bruno's Supermarkets, acquired in 2004.[2]
  • Shoney's Restaurants, acquired in 2002 and sold to a similar investment firm on January 1, 2007 [1]
  • Allgemeine Hypothekenbank Rheinboden AG (AHBR) of Frankfurt (Germany) acquired from the German trade union federation in 2005 and since renamed Corealcredit

[edit] References

  1. ^ Lone Star Germany: Ravenous For Bad Debt - Workout veteran Lone Star is thriving by buying up Germany's troubled loans, Business Week, March 14, 2005
  2. ^ Ahold completes sale of BI-LO and Bruno's to Lone Star, Ahold press release, dated January 31, 2005

[edit] External links

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