Cerberus Capital Management related stories
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Five U.S. investors eye Banco Popolare’s ‘bad bank’ unitFive U.S. private equity funds have expressed interest in the “bad bank” unit of Italy’s Banco Popolare, sources told sister news service Reuters, in a sign of growing appetite from foreign investors for real estate and distressed credit in the country.
Five U.S. investors eye Banco Popolare's 'bad bank' unit: ReutersFive U.S. private equity funds have expressed interest in the "bad bank" unit of Italy's Banco Popolare, sources told sister news service Reuters, in a sign of growing appetite from foreign investors for real estate and distressed credit in the country.
- ?Safeway deal to be backed by $7.6 bln in debt
The $9.4 billion acquisition of U.S. retailer Safeway by Cerberus Capital Management is expected to be financed by $7.6 billion of debt in what will be the biggest buyout deal since Dell and Heinz last year, sister publication International Financing Review reported.
- Video: Talking about the Cerberus deal for Safeway with Steve Gelsi
Steve Gelsi, senior editor at Buyouts, appeared on Reuters Trading at Noon on March 7 to discuss the deal by Cerberus Capital Management to take Safeway Inc private in a deal valued at about $9.4 billion.
- Cerberus to buy Safeway for about $9.4 billion
Safeway Inc, the second-largest U.S. mainstream grocery store operator, said Thursday that buyout firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
Cerberus to buy Safeway for about $9.4 bln -- ReutersSafeway Inc (SWY.N), the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
- After exit binge, Apollo's Leon Black sees opportunities to buy
Leon Black, chairman and CEO of mega-firm Apollo Global Management, was widely quoted last April saying at the Milken Institute Global Conference that the firm was “selling everything that’s not nailed down.” But that doesn’t mean the executive hasn’t seen opportunities to invest in energy, corporate carveouts, non-performing loans in Europe and overleveraged companies in India.
CalSTRS picks debt, energy funds as diversifiersThe California State Teachers’ Retirement System is shifting gears.
- Up in arms(2)
The tragedy at Sandy Hook Elementary has led LPs to question their investments in guns and private equity-backed gun makers
- Mobile advertising company YP buys VC-backed Sense Networks
YP, a portfolio company of Cerberus Capital Management, said Monday that it has acquired Sense Networks. No financial terms were disclosed. Union Square Advisors and Kilpatrick Townsend & Stockton advised YP on the transaction. Based in New York City, Sense Networks is a provider of mobile advertising solutions. Its backers included Intel Capital and Javelin Venture Partners.