
Advantage Partners seeking secondary investor for Tokyo Star Bank
Advantage Partners, the independent Japan-focused buyout firm, is seeking capital from investors to help cover the JPY170 billion ($2.04 billion) loan package it used to acquire Tokyo Star Bank in 2007 from the previous majority shareholder, Lone Star Funds, according to reports.
The loans, a combination of senior and mezzanine debt, will fall due in 2013. Advantage was said to have hired Nomura Holdings to look for a new investor for the Tokyo-based regional bank, to invest into...
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