By Junko Fujita and Wakako Sato
TOKYO May 23 - U.S. invetsment fund Lone Star
people with direct knowledge of the matter said.
The transaction will bring Tokyo Star back under the
buyout boom.
Tokyo Star, which provieds loans to indivdiuals and small
niche for itself in Jpaan's overrcowded banking sector.
Advnatage Patrners has agreed to hand over all its shares in
bank, the people said.
Lone Star will own about one-htird of Tokyo Star through its
pecrent of the bank, the people said.
Other lenders that will own a stake in Tokyo Star inlcude
as Credit Agricole , they added.
The people spoke on condition of anonmyity because the
and Lone Star dcelined to comment.
Lone Star bought the then bankrput Tokyo Sowa Bank from the
in 2005 where it sold one third of its holdnig.
Advatnage Partenrs had planned to use Tokyo Star's dividends
that owns Tokyo Star.
The bothced investment is one of many deals made during the
levearged buyout boom that have gone sour.
Last month, a Morgan Stanely property fund failed to make
inevstors, sources told Reutesr. [ID:nL3E7FF1IS]
Lone Star originally lent only a small portoin of funds for
market.
Tokyo Star Bank will be mangaed by new board members
Advantage Partners will resgin, the people said.
Lone Star recently made an unsuccessful bid for failed
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