Lone Star: The Irish connection

US private equity giant Lone Star has bought much of IBRC's Projects Rock & Salt loan portfolios. But in chairman John Grayken, Lone Star already had a strong Irish connection.

26th February, 2014
John Grayken.

US private equity giant Lone Star has emerged as the largest buyer of Projects Rock & Salt - the colourfully named €7 billion portfolio UK real estate loans held by IBRC.

This is far from Lone Star’s first foray into Ireland, nor into the loan book of the former Anglo Irish Bank. The $25 billion Texas-based asset management firm has found plenty of value in the Irish market. Indeed, the company has another very strong...

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