Blackstone looks to European distressed deals, Bloomberg reports

theflyonthewall.com

Blackstone Group raised over $4B in 2009 to buy European property assets anticipating that cash-strapped banks would be forced to sell as the region’s debt crisis worsened. Most of it sat idle for two years. Now there’s a surge of deals, as lenders cut loose soured real estate, corporate and consumer loans, reports Bloomberg.

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