Focus on ideas and deals will follow, says Brownfield

Credit SuisseÆs head of investment banking in Japan talks about the sale of Tokyo Star Bank, the Japanese banking sector and how Credit Suisse is putting a new emphasis on its equity underwriting business.

The recent sale by Lone Star of Tokyo Star Bank TSB to Advantage Partners gave Credit Suisse an opportunity to demonstrate its financing capabilities in Japan. Merrill Lynch, which advised Advantage Partners, arranged the senior tranche as well as the Mezzanine A tranche itself. However, Credit Suisse, which advised Lone Star, participated in the senior tranche as did Shinsei, Calyon and Bayerishe Hypovereins Bank and picked up the non-cash paying subordinated loan plus warrants. In all, the financing came to...

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