Cerberus Capital Management related stories
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News analysis: Mervyn’s settlement a warningWould the bankrupt department store chain’s accusations of ‘fraudulent conveyance’ on the part of its private equity sponsors have stood up in court?
- Cerberus announces plans to exit gunmaker
The tragic massacre at Sandy Hook Elementary School has led the New York-based private equity firm to initiate the process of divesting from Freedom Group, which manufactured a rifle used in the shooting.
- Cerberus, hedge funds back Delphi bailout
The former GM auto parts business will receive up to $3.4bn in financing from Cerberus, Appaloosa, Harbinger and other investors as the company emerges from bankruptcy protection.
- Former Ford advisor to lead Cerberus in Europe
Cerberus European Capital Advisors has hired Kenneth Leet to oversee the firm’s European office just one month after former US treasury secretary John Snow joined as its chairman.
- Cerberus buys Austrian lender
The New York-based private investment giant has further expanded its European presence with the acquisition of BAWAG bank.
- Supervalu Sells Chains to Cerberus-Led Group
US grocer Supervalu Inc. will sell five of its retail grocery chains to group led by Cerberus Capital Management. The company is selling its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market chains and related Osco and Sav-on in-store pharmacies. The transaction will be valued at $3.3 billion. The investor group also includes real estate firms Kimco Realty Corp., Klaff Realty LP, Lubert-Adler Partners and Scottenstein Real Estate Group.
- Cerberus Capital Plans to Sell Aozora Bank Shares
Cerberus Capital Management plans to sell up to 148 billion yen ($1.7 billion) of shares in Aozora Bank Ltd. in a global offering that the Japanese bank said would cut the U.S. buyout firm's stake to 7.7% from 58%, Reuters reported. Cerberus has been the controlling shareholder in mid-sized lender Aozora for much of the past decade, but is in the process of cutting its exposure to Japan, where there are increasingly few distressed investment opportunities for foreign funds.
- Study highlights a sellers’ market
2011 was a sellers’ market with significant variations in merger and acquisition deal structures across international markets, research from law and tax advisors CMS Corporate revealed.
- Cerberus in $257m auto fabrics exit
Cerberus acquired Guilford Mills for $107m in 2004, less than two years after the company emerged from bankruptcy.