The Federal Deposit Insurance Corp. (FDIC) closed on a sale of 40% equity interest in a limited liability company (LLC) created to hold assets with an unpaid principal balance of around $1.85 billion from 22 failed bank receiverships. Barclays Capital advised the FDIC on the transaction.

The winning bidder of the multibank structured transaction is Colony Capital Acquisitions, which is based in Los Angeles, CA, with a price of around 59.00% of the unpaid principal balance.

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