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Creditors Pick Nomura For Tokyo Star Sale

Creditors of Tokyo Star Bank, including U.S. investment firm Lone Star Funds, are looking to sell the midsize Japanese bank.

    Creditors ofTokyo Star Bank, including U.S. investment firmLone Star Funds, are looking to sell the midsize Japanese bank,The Wall Street Journalreports. They have appointedNomura Holdingsto manage the sale.

    Other creditors of Tokyo Star includeShinsei Bank,Crédit AgricoleandAozora Bank. Creditors are seeking to recoup capital lent to entities set up byAdvantage Partners, a Japanese private equity firm that acquired Tokyo Star Bank from Lone Star in 2008.

    Click here for the story fromThe Wall Street Journal.

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