Cerberus Capital Management related stories
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Guy Hands: auction info set out in ‘handwritten notes’The Terra Firma founder and chairman denied that ‘material’ information was withheld from the directors of the Terra Firma fund general partners.
- Hands’ testimony lifts lid on ‘leaky’ auctions
The Terra Firma founder described a City environment in which confidentiality agreements were treated ‘with realism’ on the second day of the resurrected EMI case.
- Guy Hands takes the stand in EMI trial
The Terra Firma founder and chairman will give evidence in a London High Court today in the firm’s case against Citigroup.
- GCP Capital, Western Heritage, Performance Equity invest in Complete Merchant Solutions
An investor group including GCP Capital Partners, Western Heritage Capital and Performance Equity Management acquired a stake in Complete Merchant Solutions, which provides merchant acquisition services and credit card/debit card transaction processing services. Terms of the deal were not disclosed.
Cerberus-backed Keane to buy Trican's U.S. assets in $247 mln dealKeane Group, a portfolio company of U.S. private equity firm Cerberus Capital Management, has agreed to buy the majority of U.S. pumping assets belonging to Trican Well Service Ltd (TSX: TCW), a Calgary-based oilfield services provider. The deal has a total consideration of US$247 million. It is comprised of a US$200 million cash payment and a minority interest in Keane that will give Trican two seats on the former's board of directors http://www.tricanwellservice.com/trican-well-service-reaches-agreement-sale-its-united-states-pressure-pumping-business-and-amended-0 Houston-based Keane, a well completion services provider, said the acquisition will triple its fracturing capacity, give access to new technology, add engineering capabilities, and expand its geographic reach. The deal is expected to close by mid-March.
- Abrams joins Cerberus Capital from Apollo Management
Cerberus Capital Management said Monday that David Abrams was appointed Senior MD of Cerberus UK Advisors Ltd in its London office. Abrams was previously with Apollo Management, where he founded and was the Managing Partner of the Apollo European Principal Finance Funds franchise.
- Cerberus nears deal to buy 80 percent of Avon North America unit: WSJ
Private equity firm Cerberus Capital Management LP is close to an agreement to buy 80 percent of Avon Products Inc's North American business for $170 million, the Wall Street Journal reported on Thursday.
- Cerberus invests $105 mln in PaxVax
Cerberus Capital Management L.P. has invested $105 million for a majority economic interest in PaxVax Inc. Financial terms weren’t announced. Ignition Growth Capital and other existing investors will remain as minority shareholders. PaxVax is a Redwood City, California-based specialty vaccine company.
- Barington proposes Avon restructuring, warns against Cerberus deal: Reuters
Private equity investors led by Barington Capital have proposed a restructuring of Avon Products, saying the cosmetics maker is "significantly undervalued" and warning against the sale of its North American arm to Cerberus Capital Management, Reuters reported.
- Cerberus buys 13 bln pounds mortgage portfolio
Cerberus Capital Management agreed to buy a portfolio of mortgage loans and other loan assets from UK Asset Resolution Ltd and the issued share capital of NRAM, the former Northern Rock mortgage business. The total portfolio is valued at about 13 billion pounds ($19.7 billion).