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Starwood-led team likely Corus asset winner: source
NEW YORK |
NEW YORK (Reuters) - A consortium led by Starwood Capital Group, which includes private equity firm TPG TPG.UL, is the likely winner of the auction for assets of failed Corus Bank, a source familiar with the situation said on Friday.
The auction is being run by the Federal Deposit Insurance Corp (FDIC). The consortium is made up of Starwood and TPG, who would have significant equity stakes, with billionaire investor Wilbur Ross and Perry Capital having smaller stakes, the source said.
(Reporting by Megan Davies)
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