Lone Star Funds
The German government's financing bank, KfW (formerly "Kreditanstalt für Wiederaufbau"), owned a 38% stake in IKB. After several months of consideration of the sale of the IKB stake, it was announced on 21 August 2008 that private equity firm Lone Star Funds would acquire a 90.8% holding in the bank. The sale process of KfW's shares to Lone Star Funds was closed on 29 October 2008.