Centerbridge, TPG Said to Be Among Bidders for Anglo Irish Loans

Investor groups led by Centerbridge Capital Partners LLC, Blackstone Group LP and Lone Star submitted initial offers for Anglo Irish Bank Corp.’s $9.65 billion of U.S. property loans, according to five people with knowledge of the sale process.

TPG Capital, Cerberus Capital Management LP and Colony Capital LLC were among the bidders for all or some of the 248 loans, said the people, who asked not to be named because the auction is private. Cerberus is working with Oaktree Capital Group LLC and LNR Property LLC while TPG is pairing with Lubert-Adler Partners LP and Pacific Investment Management Co., according to the people. Blackstone is partnering with Deutsche Bank AG and Goldman Sachs Group Inc., and Centerbridge is teaming with American International Group Inc., Paulson & Co. and BlackRock Inc., the people said.