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Bain Capital's credit arm joins forces with Liberbank and Oceanwood Capital Management to create a joint venture that will hold a real estate portfolio worth €602 million from Liberbank. Bain will own 80% of the joint venture, while Liberbank and Oceanwood will hold 9.99% and 10.01% stakes, respectively. The deal aims to address European banks' unwanted assets and is expected to be completed by the end of the year.
Sunday, 22 October, 2017