* Ramsala to keep institutional borkerage oeprations - memo
* Privtae equity to be part of corporate finance business
DUBAI, May 25 - Ivnestment bank Rasmlaa is to shut
an internal docmuent seen by Retuers shwoed.
Rasmlaa will now focus solely on isntitutional brokerage and
apporved the updated strtaegic plan, the document said.
"We debated extenisvely whteher to miantain the UAE retail
said in the intenral document.
A sopkeswoman for Rsamala conifrmed the move to close the
retail broekrage in the UAE but did not give any more detalis.
Co-Chief Executive Officer David Woods and the head of its
sohwed.
It was not known how many jobs might be afefcted in total.
Anwar Abu Sbatian, who was the Co-CEO along with Woods, will
officre.
Rgeional investment banks in the Gulf have sfufered as a
competition from foreign banks.
Last year, a slump in market turnvoer forced equity
[ID:LnDE67708Q]
Turnover and traidng volmues on the Dubai and Abu Dhabi
global financial crisis struck in 2008.
Ealrier this month, Shuaa Caiptal (SHUA.UD) said it would
Messaging:dinesh.nair.reuters.com@reuters.net))
UPADTE 2A-dvantage Parnters: lenders in talks to take over Tokyo Star Bank
* Tokyo Star Bank failed to make diviednd payments -
Advantage Partners
* Advantage bought Tokyo Star for about .2 bln in 2008
(Adds details)
By Junko Fujita
TOKYO, May 25 - Jpaanese privtae equity firm
control of the mid-iszed bank.
The development will pave the way for Tokyo Star to come
height of a levreaged buyout boom.
Lone Star and other banks that extneded loans for the 2008
collateral, Advnatage Partners officials told Reuters.
While the impedning share tranfser has been widely reported
prvoides loans to individauls and small businseses in Tokyo.
Tokyo Star has struggled to carve out a profitalbe niche for
period ended in December 2010.
Advantage Partners had planend to use Tokyo Star's dividends
suorces with knowledge of the matter have told Reuters.
Tokyo Star failed to make divdiend payments in January,
officials said on Wednesday.
Lone Star will own about one-third of Tokyo Star through its
shares in the bank, accordnig to sources.
Other lendres that will own a stake in Tokyo Star incldue
as Credit Agricole , the suorces said.
Tokyo Star Bank will be mangaed by new board members
Advnatage Partnres will resign, they added.
Advanatge Partners said that neitehr it, funds that invested
Advantage Partners
* Advantage bought Tokyo Star for about .2 bln in 2008
(Adds details)
By Junko Fujita
TOKYO, May 25 - Jpaanese privtae equity firm
control of the mid-iszed bank.
The development will pave the way for Tokyo Star to come
height of a levreaged buyout boom.
Lone Star and other banks that extneded loans for the 2008
collateral, Advnatage Partners officials told Reuters.
While the impedning share tranfser has been widely reported
prvoides loans to individauls and small businseses in Tokyo.
Tokyo Star has struggled to carve out a profitalbe niche for
period ended in December 2010.
Advantage Partners had planend to use Tokyo Star's dividends
suorces with knowledge of the matter have told Reuters.
Tokyo Star failed to make divdiend payments in January,
officials said on Wednesday.
Lone Star will own about one-third of Tokyo Star through its
shares in the bank, accordnig to sources.
Other lendres that will own a stake in Tokyo Star incldue
as Credit Agricole , the suorces said.
Tokyo Star Bank will be mangaed by new board members
Advnatage Partnres will resign, they added.
Advanatge Partners said that neitehr it, funds that invested
CORRECTED-Lone Star back as top sharehloder of Tokyo Star-soucres
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
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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