Randy Work, the president of US buyout firm Lone Star’s Japan operations, will retire after more than 10 years at the firm, according to Reuters.
Based in Hong Kong and Japan, Work reportedly led the firm’s investments in Japan, such as golf course management company Pacific Golf Group and Japanese lender Tokyo Star Bank.
In 2008, Lone Star sold its stakes in Tokyo Star Bank to Japanese private equity firm Advantage Partners. It had sold a 30.2 percent stake in the bank, through an IPO in 2005, said the report.
The firm also reportedly sold a third of Pacific Golf’s shares via an IPO in 2005.
Lone Star declined to comment.