Cerberus Capital Management related stories
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Up in armsThe tragedy at Sandy Hook Elementary has led LPs to question their investments in guns and private equity-backed gun makers
- Cerberus settles on $2.61bn for Fund V
The firm has held a final close on $2.61bn, below its original $3.75bn target and well under the $7.5bn raised for its Fund IV.
- Does Hands stand a chance in court?
Guy Hands' firm Terra Firma Capital Partners may have a simpler argument to make that Citi tricked it into paying too much for music publisher EMI.
- We can work it out?
A new legal twist has given Terra Firma fresh hope that it can salvage something more from its long-running quarrel with Citi over EMI. Thomas Duffell reports
- ATK Boosts Sporting Business With Purchase Of Bushnell
Alliant Techsystems Inc, the world’s largest ammunitions maker, will buy gun accessories company Bushnell Group Holdings Inc for $985 million as it shifts focus to a fast-growing shooting sports business from a spending-constrained defense industry, Reuters reported.
- Reuters: Blackstone Buys 125.5 Mln Euros of Madrid Protected Housing
U.S. fund Blackstone has bought 18 protected rent housing blocks from Madrid city council for 125.5 million euros ($165.89 million), the council said on Wednesday, in one of the first private equity purchases of publicly owned housing in Spain, Reuters reports.
- Cerberus to Buy Two German Real Estate Portfolios
Cerberus Capital Management said Monday it has acquired two portfolios of German real estate properties. Financial terms were not announced. First, Cerberus has agreed to buy a portfolio of nine shopping centers, which include a combined floor space of 92,000 square meters, from Wells Fargo. Cerberus has also agreed to buy ten German retail properties, with an have an aggregate floor space of 263,677 square meters, out of administration.
The Year's Biggest PE Deal So Far Is....Some large deals helped pump up transaction values by 25% during the first half of this year, according to Thomson Reuters. The year's biggest U.S. PE deals also came from tech and consumer.
- AMF Bowling Worldwide and Bowlmor Complete Merger
AMF Bowling Worldwide and Bowlmor said on Monday that it has completed its merger. No financial terms were disclosed. The new company, which is owned by Bowlmor, Cerberus Capital Management and Credit Suisse, will now be known as Bowlmor AMF. Also, Bowlmor AMF will acquire a 50% stake in Qubica AMF, a provider of bowling equipment. Bowlmor AMF is the largest operator of bowling centers in the world with 7,500 employees, 272 bowling centers and a combined annual revenue of approximately $450 million.
- Buyout Shops Nab Military Talent
Top military leaders may not have a lot of experience in constructing financial deals, but their leadership skills and strategic thinking abilities could be valuable assets for U.S. buyout shops, executive recruiters say.