Creditors of Tokyo Star Bank, including U.S. investment firm Lone Star Funds, are looking to sell the midsize Japanese bank, The Wall Street Journal reports. They have appointed Nomura Holdings to manage the sale.
Other creditors of Tokyo Star include Shinsei Bank, Crédit Agricole and Aozora Bank. Creditors are seeking to recoup capital lent to entities set up by Advantage Partners, a Japanese private equity firm that acquired Tokyo Star Bank from Lone Star in 2008.
Click here for the story from The Wall Street Journal.