Atlantic Street sells A Wireless to Lone Star Funds

By Luisa Beltran — 3 weeks ago

Atlantic Street Capital said Tuesday that it has sold A Wireless to Lone Star Funds. Financial terms weren’t announced. Greenville, North Carolina-based A Wireless is a wireless retailer that markets and sells products and services from over 600 stores in 31 states. William Blair provided financial advice while Morrison Cohen acted as the legal advisor to A Wireless.

Continue

Lone Star Funds to buy Home Properties in $7.6 bln take-private deal

By Iris Dorbian — 8 months ago

Lone Star Funds has agreed to acquire Home Properties Inc in a take-private deal valued at about $7.6 billion. The transaction is expected to be completed during the fourth quarter of this year. BofA Merrill Lynch served as financial advisor to Home Properties while Goldman Sachs.did likewise for Lone Star. Home Properties Inc owns, operates, acquires and repositions apartment communities in major metropolitan suburbs.

Continue

Lone Star Funds to buy hotel chain Jurys Inn

By Iris Dorbian — 1 year ago

Lone Star Funds has agreed to acquire hotel brand Jurys Inn for a total consideration of 680 million pounds. The sellers are Oman Investment Fund, Mount Kellett Capital Management, Ulster Bank (part of the Royal Bank of Scotland), Westmont Hospitality Group and Avestus Capital Partners. The transaction is expected to close in the first quarter of this year. Credit Suisse and Eastdil Secured advised both Lone Star and the sellers.

Continue

Lone Star Funds closes buy of DFC Global and takes it private

By Iris Dorbian — 2 years ago

Lone Star Funds has completed its acquisition of DFC Global Corp. According to terms of the transaction, DFC Global stockholders are receiving $9.50 in cash for each share of DFC stock they own. Also, the company’s stock will no longer trade on the NASDAQ and be delisted. DFC Global Corp. is a provider of alternative financial services.

Continue

Lone Star Funds agrees to buy DFC Global Corp for about $1.3 bln

By Iris Dorbian — 2 years ago

DFC Global Corp said Wednesday that it has agreed to be acquired by Lone Star Funds for approximately $1.3 billion. According to terms of the agreement, DFC Global shareholders will receive $9.50 in cash for each share of DFC common stock they own. The deal is expected to be completed in the third quarter of 2014. Houlihan Lokey Capital advised DFC Global on the transaction while Jefferies was the lead financial advisor to Lone Star Funds. Jefferies Finance and Credit Suisse are providing debt financing for the acquisition. DFC Global Corp. is a provider of alternative financial services.

Continue

Wereldhave Completes Derisk Phase

By Angela Sormani — 3 years ago

Wereldhave and Lone Star Funds have completed the sale and purchase of Wereldhave’s portfolio in the US for $720 million gross. The proceeds from the property disposals were used to reduce group debt.

Continue

Lone Star Warns South Korea of Legal Action

By Connie Loizos — 4 years ago

The Dallas-based private equity firm Lone Star Funds warned the South Korean government yesterday that it is initiating arbitration proceedings over the sovereign state’s involvement in Lone Star’s sale of Korea Exchange Bank to Hana Financial Group earlier this year for roughly $3.5 billion. PRESS RELEASE: Lone Star Funds (“Lone Star”) confirmed today that it […]

Continue

Report: Lone Star Scraps KEB Stake Sale

By PEHub Administrator — 5 years ago

(Reuters) – U.S. private equity firm Lone Star [LS.UL] has decided to scrap its plan to sell a majority stake in Korea Exchange Bank (004940.KS) worth $4 billion at the current market price due to weak demand from potential investors, a local paper said. “Lone Star told financial investors in the United States, Hong Kong […]

Continue

Lone Star Puts Bi-Lo On The Block

By PEHub Administrator — 6 years ago

(Reuters) BI-Lo LLC, a U.S. supermarket chain owned by Lone Star Funds, is up for sale and has drawn interest from strategic and financial buyers, making it the latest private equity portfolio company to go on the block, a source familiar with the matter said on Monday. U.S. supermarket chains Kroger Co and Publix Super […]

Continue