Lone Star Funds - Holdings

Holdings

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• Tokyo Star Bank, acquired 2001
• Korea Exchange Bank, acquired 2003 and sold in 2012
• B-Line, LLC, acquired 2006; Lone Star acquired from the founder and another private equity firm.
• Lone Star Steakhouse, acquired in December 2006.
• BI-LO, acquired in 2004 from Royal Ahold, filed for bankruptcy protection in March 2009.
• Shoney's Restaurants, acquired in 2002 and sold to a similar investment firm on January 1, 2007
• Texas Land & Cattle Steak House
• Allgemeine Hypothekenbank Rheinboden AG (AHBR) of Frankfurt (Germany) acquired from the German trade union federation in 2005 and since renamed Corealcredit
• Solare Hotels and Resorts of Japan. Lone Star purchased the company from the bankrupt Chisun Company in 2002. In November 2007, Lone Star announced they would sell Solare..
• Kukdong Engineering & Construction Co., Ltd., acquired in June 2007.
• STARLease Co., Ltd., acquired in June 2007.
• IKB Deutsche Industriebank, acquired in September 2008
• Accredited Home Lenders Holding Co., acquired in October 2007. Filed for bankruptcy protection in May 2009.
• Collateralized Debt Obligations from Merrill Lynch, acquired July 2008, paid 22% of face value for these CDOs, or $6.7 billion for assets with a face value of $30.6 billion. The CDOs were purchased through an agreement such that, should the CDOs become worthless, Lone Star's losses were limited to at most $2 billion with Merrill Lynch taking the rest of the loss, so that in effect the CDOs were purchased at only 6% of face value.
• On July 1, 2008, CIT Group announced that it will be selling its home lending division to Lone Star Funds for $1.5 billion in cash including the assumption of $4.4 billion in debt.