Cerberus Capital Management related stories
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PE at CalPERS, CalSTRS generated 20 pct return through MarchPrivate equity portfolios overseen by two of California’s largest public pensions generated approximately 20 percent returns through the first three quarters of the fiscal year ending June 30, according to data released on July 14.
- Hedge fund Jana Partners to seek PetSmart sale, shares up-Reuters
Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, underlining troubles at the pet products retailer, Reuters reported.
Moody's: Default rate no worse in large buyouts than similar companiesSurprise! Large buyout shops, which typically shoveled huge amounts of debt onto their portfolio companies during the so-called bubble years, actually did OK in terms of default rates.
- Defaults no worse in PE portfolios, Moody's finds
Portfolio companies of large buyout shops, which typically carried huge amounts of debt during the so-called bubble years, actually fared no worse in terms of default rates than big debt issuers without financial sponsors, Moody’s Investors Service said
- Commerzbank nears $5 billion sale of Spanish property loans, say sources-Reuters
Germany's Commerzbank is finalizing the sale of Spanish property loans to U.S. investors for up to 3.9 billion euros ($5.4 billion), sources told Reuters, in what would be one of the biggest deals of its kind since Spain's 2008 real estate crash.
- Cerberus agrees to acquire Visteon's auto interiors business
Cerberus Capital Management has agreed to acquire the majority of Visteon Corporation's global automotive interiors business. The deal is subject to regulatory reviews and other conditions and is expected to close by year end.
- Activum closes Fund III
Activum SG Fund III has closed oversubscribed with $524 million of capital commitments. Atlantic-Pacific Capital served as the exclusive global placement agent for Fund III as well as for Activum’s prior fund. Activum is a European fund manager that invests in niche opportunities in real estate-related sectors.
Insight Equity raises more than half of Fund III's $750 mln targetInsight Equity has so far collected $399 million for its third fund, according to an SEC filing http://www.sec.gov/Archives/edgar/data/1592148/000159214814000001/xslFormDX01/primary_doc.xml
- Turnaround Of The Year: Beach-themed restaurants, $4.99 platter get Captain D's back on track
Sun Capital Partners is no stranger to restaurant turnarounds, having dug into such companies as Friendly’s and Boston Market. And its experience showed with the rapid revitalization of a sagging seafood chain called Captain D’s Seafood Restaurant.
- Monument opens in Hong Kong
The US-based placement agent sees Asia's growing importance as a source of global capital.