Cerberus Capital Management related stories
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Cerberus Capital gears up for next flagship fundCerberus Capital Management, the distressed investment specialist with $25 billion under management, is mulling a fundraising effort for its sixth flagship fund as early as this year, according to two sources.
Buyouts Snapshot: CalSTRS adds opt-out for PE investments in banned gunsThe California State Teachers’ Retirement System said it’s requiring an opt-out provision for private equity investments in firearms manufacturers that make assault rifles that are illegal in the state.
CalSTRS gets tough on gunsLarge public pension adds opt-out agreement for PE investments in makers of banned guns.
Retailer Wet Seal could seek bankruptcy protection next week -WSJApparel retailer Wet Seal Inc has hired restructuring lawyers to help it with a potential bankruptcy filing, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Year in Review: M&A deal count jumps, banker predicts 'M&A bull market' - Quarterly ExitsU.S. sponsored deal-making volume picked up in 2014, a year of middle-market dominance in M&A.
- TowerBrook adds to management advisory board
New York and London-based investment firm TowerBrook Capital Partners said Wednesday that it has appointed Tom Marano to its management advisory board. Marano is the former CEO of ResCap, a a subsidiary of Ally Financial.
- Evercore poaches UBS' Reid
UBS’ European secondaries head is the third member of the bank’s advisory team to move to rival advisory firm Evercore
- Evercore hires new MD
Evercore has named Rodney Reid as a managing director in the firm’s private capital advisory business. Previously, Reid worked at UBS where he served as an executive director and head of Europe, the Middle East and Africa secondary advisory.
- High-yield deals hit by rocky markets
Borrowers selling high-yield bonds in August to finance acquisitions will likely pay at least 1 percent more in interest costs as they get caught in volatility that has sent prices tumbling.
PetSmart hires bank to study buyback, deal options: ReutersPetSmart Inc has hired investment bank JPMorgan Chase & Co to evaluate a range of alternatives, including a leveraged share buyback and a potential deal with private equity, according to people familiar with the matter.