Cerberus Capital Management related stories
All articles and analysis
TPG Interested in Investing in Cerberus-Backed Seibu Holdings - Sources(Reuters) - U.S. private equity firm TPG is interested in investing in Japan's Seibu Holdings by either buying a stake from top shareholder Cerberus Capital Management or by acquiring new shares, people with knowledge of the matter said.
- Oxford Resource Partners Secures $175 Mln in Credit Facilities
Oxford Resource Partners said on Tuesday that it has closed $175 million in new credit facilities. Cerberus Capital Management provided a first lien $75 million term loan and $25 million revolving credit facility while Tennenbaum Capital Partners arranged a second lien $75 million term loan. Evercore Partners served as financial advisor. Headquartered in Columbus, Ohio, Oxford Resource Partners is a producer of steam coal in Northern Appalachia and the Illinois Basin.
- Cerberus Completes Sale of North American Bus Industries
Cerberus Capital Management has completed the sale of North American Bus Industries, a manufacturer of transit buses, to New Flyer, a manufacturer of heavy-duty buses in the U.S. and Canada. The transaction had a total purchase price of $80 million. An affiliate of Cerberus acquired NABI in 2006.
- LP Scorecard: Cerberus Holds Top Spot For PSERS
Cerberus Capital Management has generated the highest returns to date for the Pennsylvania’s Public School Employees’ Retirement System among privately-raised debt funds, according to an analysis by Buyouts.
Deal Count Drops 21% in Q1; Pipeline BuildsCatching their breaths after a rush of mergers to beat higher taxes in the fiscal cliff pact, U.S. leveraged buyout firms closed 21 percent fewer deals in the first quarter of 2013 compared to the year-ago period. Meantime, disclosed dollar volume rose by nearly $3 billion as target companies held out for higher prices, according to results compiled by Buyouts.
Cerberus Aims to Bankroll Investor LandlordsPrivate equity firm Cerberus Capital Management wants to provide financing to small investment firms that are buying foreclosed homes as part of a long-term bullish bet on the housing recovery, according to four sources familiar with the situation.
U.S. Deal Values Rocket 88% in First QuarterA spate of large transactions helped boost deal values by nearly 88% in first quarter, while the number of transactions dropped.
Private Equity Will Likely Pass on Maxim MagMaxim, the lad mag owned by Alpha Media, shouldn't wait for private equity to come calling, sources tell peHUB.
- Reuters - Best Buy Spurns $1bn Minority Investment
Best Buy Co has turned down a $1 billion minority investment proposal by founder Richard Schulze's three private equity partners, writes Reuters. Under the proposal, Leonard Green Partners, Cerberus Capital Management and TPG Capital would have each received a seat on the board of the world's largest electronics retailer, writes Reuters.