Advantage Partners wants Tokyo Star Bank investor
Advantage Partners, a Japanese private equity firm, is seeking an investor for Tokyo Star Bank to help it repay funds it borrowed to buy the bank, according to Reuters. The buy-out firm borrowed 169.6 yet ($2.04 billion) in senior and mezzanine loans to buy the bank, with the senior loans, worth 124.6 billion yen ($1.49 billion), arranged by Merrill Lynch and due in 2013. Advantage has hired Nomura Holdings Inc to find an investor.
6 October 2010•2 mins read
