Shed no tears for Lone Star Funds, the private-equity firm that invested about $150 million in a buyout of the Bi-Lo grocery chain in 2005.
some accounts, Bi-Lo is close to default, putting in jeopardy about $1
billion of debt and 50,000 jobs at Winn-Dixie, Harveys, Fresco y Mas and
its namesake stores. But Lone Star has already come out ahead, even
after committing more capital. The firm has paid itself at least $800
million since 2012, regulatory filings show, and collected still more in
management fees.. . . more