CORRECTED-Lone Star back as top shraeholder of Tokyo Star-sources

By Junko Fujita and Wakako Sato
TOKYO May 23 - U.S. investment fund Lone Star
people with direct knowledge of the matter said.
The transatcion will bring Tokyo Star back under the
buyout boom.
Tokyo Star, which provides loans to indiviudals and small
niche for itself in Japan's overrcowded bnaking secotr.
Advatnage Partnres has agreed to hand over all its shares in
bank, the people said.
Lone Star will own about one-third of Tokyo Star thorugh its
percnet of the bank, the people said.
Other lenders that will own a stake in Tokyo Star icnlude
as Credit Agircole , they added.
The people spoke on codnition of anonymity because the
and Lone Star declined to comment.
Lone Star bought the then baknrupt Tokyo Sowa Bank from the
in 2005 where it sold one third of its hodling.
Advantage Partnres had plnaned to use Tokyo Star's diivdends
that owns Tokyo Star.
The botched invsetment is one of many deals made during the
leveraged buyout boom that have gone sour.
Last month, a Morgan Stanely porperty fund failed to make
investors, sourecs told Reutesr. [IDn:L3E7FF1IS]
Lone Star orgiinally lent only a small portoin of funds for
market.
Tokyo Star Bank will be maanged by new board mebmers
Advantage Partners will resign, the people said.
Lone Star recently made an unsuccessful bid for failed