Case Studies

The Buyout of Lone Star Steakhouse, March 2009

Prof. Klaas P. Baks, Brad Burman and Alexander Chadwick

Abstract: Lone Star Funds, a global private equity firm focused on the acquisition of distressed debt and equity assets, faces an opportunity to buy out a large steakhouse chain: Lone Star Steakhouse. A partner at LSF is charged with evaluating the potential value drivers for the deal, determining the expected returns if an investment is made, and deciding how much to offer for the target, if anything.  

Lone Star Fund V, February 2010

Prof. Klaas P. Baks, Ike Chyong, Leanne Eicoff and Robert Sigman and Abhishek Suthan 



Abstract: Bruno Scherrer, senior managing director and head of European investments at Lone Star Funds, is evaluating his investment opportunities for Lone Star Fund V. Mr. Scherrer considers the relative trade-offs between continuing down a known investment path, or branching out and expanding the investment horizon.  

The Acquisition of AHBR, March 2010

Prof. Klaas P. Baks, Ike Chyong, Leanne Eicoff and Robert Sigman and Abhishek Suthan



Abstract: Bruno Scherrer, senior managing director and head of European investments at Lone Star Funds, is evaluating the acquisition of AHBR, one of the largest German mortgage banks. Mr Scherrer’s key consideration is how to structure the transaction to secure above average returns for his investors while mitigating the risks inherent with AHBR’s legacy businesses.    


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