Private Equity Wins Out In Battle For Failed Euro CMBS

By Liz Hoffman (April 17, 2012, 8:36 PM EDT) -- TPG and Patron Capital Ltd. on Tuesday won over investors burned by the default of a €600 million ($788 million) European commercial mortgage-backed security, convincing senior noteholders of a Dutch CMBS to accept their offer over a rival bid from Australian real estate firm Valad....

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