Cerberus Capital Management related stories
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Cerberus closes $4bn fund on hard capThe CIP VI, a hybrid equity and credit fund, is the third vehicle the global asset manager has closed in 2017.
- Albertsons held preliminary merger talks with Sprouts: Bloomberg
Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc (SFM.O http://www.reuters.com/finance/stocks/overview?symbol=SFM.O ), Bloomberg reported on Sunday, Reuters said.
Misys, Advent International bid for DH Corp: Financial TimesMisys is competing against Advent International to buy DH Corp, the Financial Times is reporting. DH Corp, the Canadian financial-technology company, went up for sale in late 2016. Credit Suisse and RBC Capital Markets are advising on the auction, Buyouts has reported. DH Corp, which has a market value of about $2.5 billion, is expecting bids sometime this week, the Financial Times said.
- CBF closes third mid-market direct lending fund at $2.05 bln
Cerberus Business Finance, a Cerberus Capital Management affiliate, has closed its third middle-market direct lending fund at $2.05 billion, beating its $2 billion target. CBF's Loan Opportunities Fund III's investors include government and corporate pensions, endowments, insurance companies, family offices, foundations, nonprofit organizations, fund of funds, and high-net worth individuals.
- Hidden Harbor taps Joy as a principal
Hidden Harbor Capital Partners has hired Andrew Joy as a principal. Previously, Joy worked at Cerberus Capital Management.
Cerberus racks up $1.8 bln for fourth real estate fundCerberus Capital Management announced has closed http://www.prnewswire.com/news-releases/cerberus-capital-management-raises-18-billion-for-fourth-global-opportunistic-real-estate-fund-300395496.html $1.8 billion for its fourth global opportunistic real estate fund.
- CalPERS commits nearly $1bn to PE in July
The latest monthly report from the largest US pension fund shows its commitment to two private equity funds totalling almost $1bn, while it decided to forego committing to a KKR vehicle.
Cerberus Capital acquires auto parts manufacturer ABC GroupABC Group Inc, a Canadian automotive systems and components manufacturer, has been acquired by U.S. private equity firm Cerberus Capital Management. No financial terms were disclosed. Founded in 1974, Toronto-based ABC designs, develops and manufactures a thermoplastic product portfolio from 36 locations in North America, South America, Europe and Asia. Mary Anne Bueschkens, the company's new CEO, said the partnership with Cerberus will provide greater access to capital with which to pursue growth. As part of its investment, Cerberus will introduce a new board of directors. It will include a mix of senior automotive executives and Cerberus representatives.