Lone Star News
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John Grayken, founder of Lone Star Funds, has a record of generating more than 20 percent returns over two decades as the world’s biggest buyer of delinquent mortgages. What he doesn’t have is a designated successor.
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Commerzbank AG, Germany’s second- biggest bank, is seeking 2.5 billion euros ($3.25 billion) in the fifth capital increase in four years to repay debt from a government rescue. The shares fell to a record low.
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Lone Star Funds, the Dallas-based firm that invests in non-performing mortgages and other real estate-related assets, is set to finish raising a $5 billion fund today, a person with knowledge of the situation said.
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Four men were convicted at a trial involving a money-laundering scheme by the Los Zetas drug gang that included buying, training, breeding and racing horses in the U.S., the Justice Department said.
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Credit Suisse Group AG and Texas- based Lone Star Funds will pay 6.7 billion euros ($8.7 billion) for the assets of Royal Park Investments SA, a vehicle set up to manage toxic assets of failed Belgian bank Fortis.
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For most office building owners, a lease running down to less than five years sets off alarm bells. For investors in Europe like Blackstone LP and Carlyle Group LP, it sounds more like cash registers.
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Commerzbank AG, Germany’s second- biggest bank, is in talks to sell its Eurohypo U.K. real estate lending unit to Wells Fargo & Co. and Lone Star Funds, three people with knowledge of the matter said.
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Taiwan’s Chinatrust Financial Holding Co. is seeking to acquire Tokyo Star Bank Ltd. for about 50 billion yen ($503 million) in a deal that may be struck as soon as June, according to two people with knowledge of the matter.
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Alex Steele begins his pitch on how to turn Texas into a Democratic state like any good politician, with the story of how he got to this place.
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What does it cost to do deals in South Korea? For Lone Star Funds, a Dallas-based buyout firm, almost $3 billion.
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