Cerberus Capital Management related stories
All articles and analysis
Cerberus-backed biotech firm files $894m IPOThis is the firm's third exit attempt for Talecris, which previously had a $3bn trade sale and $1bn IPO fall apart. If successful, it would be the largest US IPO in 2009.
- Cerberus-owned retailer offers incentives to landlords to stave off administration
UK home improvement firm, Focus DIY, is to offer its landlords incentives so its lenders agree to extend the term of its debt facility.
- US Treasury names buyout chiefs to GM board
TPG's David Bonderman and Carlyle's Daniel Akerson are among the recent nominations to GM's board. Also appointed was Stephen Girsky, former Centerbridge Industrial Partners president.
- Report: Cerberus COO faces ¥53bn Japanese lawsuit
Mark Neporent is alleged to have violated fidcuiary dutites at Kokusai Kogyo, a Cerberus-controlled JV. Cerberus has called the suit a means to pressure it to sell its stake.
- Lubert-Adler, Cerberus, Sun named in Mervyns' lawsuit
The US department store, which filed for Chapter 11 bankruptcy protection in July, has filed a lawsuit against its buyers, including funds controlled by Lubert-Adler, Cerberus Capital and Sun Capital, alleging the firms stripped it of its real estate assets in order to leverage the buyout.
- Life after leverage
Mega-firms with dry powder are breaking the LBO mould to get deals done, writes Toby Mitchenall.
- Nardelli joins Cerberus to oversee portfolio companies
The former chief executive of Chrysler and Home Depot will join Cerberus Operating and Advisory Company, which is made up of operating professionals that help source deals and monitor portfolio companies.
- GMAC sells mortgages to SilverLeaf at 82% discount
The private equity firm has purchased 321 single family loans for with a face value of $28m for $4.9m from Cerberus Capital Management-backed GMAC.
- Shinsei and Aozora banks to merge
The banks, backed respectively by JC Flowers and Cerberus, will create Japan’s sixth largest banking group.
- ALL THE WAY TO THE BANK
With a little regulatory creativity, four US private equity firms have carved out a banking niche. More are sure to follow. By Cezary Podkul.