Cerberus Capital Management related stories
All articles and analysis
Cerberus, Bain sell stakes in Japanese companies as market soars: ReutersU.S. buyout funds Bain Capital and Cerberus Capital Management sold big stakes in two Japanese companies as the stock market surges - taking profits and avoiding an expected bout of volatility if the U.S. Federal Reserve raises rate later in the year, investors told Reuters News.
Gunmaker Colt Defense in Chapter 11 talks with bondholdersColt Defense LLC failed to make a $10.9 million interest payment on its unsecured notes, moving it closer to bankruptcy, following a steep drop in revenue at the gunmaker.
Cerberus to let LPs sell stakes in Remington to new entityRemington Outdoor, the company that manufactured the Bushmaster rifle used in the fatal shootings of 26 people in Newtown, Conn., in 2012, is offering to buy out limited partners in a transaction that will result in Cerberus Capital Management funds exiting the firearms maker, according to a source.
- Cerberus lets investors sell stakes in gun maker: New York Times
Cerberus Capital Management [CBS.UL] is letting its investors sell their stakes in Remington Outdoor and will take the gun maker out of its main private equity funds and put it into a separate financial entity, the New York Times reported.
Impact investing: Deval Patrick wants to leave a mark at BainA growing number of limited partners want their private equity investments to do more than make money. They also want them to do good.
Talking Deal Prices: Siris to taper Digital River debt multiple; timing favors Safeway IPOWhen Siris Capital’s $842 million buyout of Digital River closed in February, the e-commerce software provider opened a new chapter as an ex-public company with a not-too-lofty debt multiple in the mid-6x EBITDA range. And with projected cost savings plus expected revenue growth, the company’s leverage multiple will likely fall, strengthening Digital River’s balance sheet for add-ons or other paths to growth.
- AB Acquisition looking to take Safeway public this year: CNBC
AB Acquisition LLC, the holding company that owns Safeway Inc, has hired IPO bankers to plan an initial public offering for the grocery store chain later this year, CNBC reported, citing sources with knowledge of the matter.
- Concordia wraps up $1.2 bln purchase of Covis Pharma from Cerberus
Concordia Healthcare Corp (TSX: CXR) has closed its previously announced acquisition /canada/2015/03/09/concordia-healthcare-to-buy-assets-of-pe-backed-covis-pharma-for-1-2-bln-reuters/ of assets held by Switzerland's Covis Pharma Holdings SARL for US$1.2 billion in cash. The sellers in the transaction included U.S. private equity firm Cerberus Capital Management. The Oakville, Ontario-based Concordia, a healthcare company focused on legacy pharmaceutical products and orphan drugs, said the deal will advance its organic and acquisition-based growth strategy.
Market at a glanceU.S.-based buyout and mezzanine fundraising remained strong over the past two weeks, jumping by nearly $5 billion to stay $6.6 billion ahead of the total at this time last year.
- Cerberus raising $3bn for distressed fund
The New York based alternative investment firm is said to be seeking $3 billion for its latest private equity fund meant to invest distressed situations