Cerberus Capital Management related stories
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Providence to buy Clear Channel division for $1.2bnClear Channel is selling a group of 54 television stations to Providence Equity Partners for $1.2 billion. The media giant is also in agreements to sell 161 radio stations for $331 million.
- Rival consortium challenges KKR for Coles
A consortium that includes Pacific Equity Partners, Permira and Wesfarmers, a Sydney-listed conglomerate, has bid A$19.7 billion for Coles Group, Australia’s second-biggest retailer – although KKR could yet return with another bid.
- Cerberus backs $8bn Affiliated buyout
Cerberus Capital Management, a US alternative asset manager, is set to back an $8.2 billion take-private of Affiliated Computer Services, a scandal-hit US IT outsourcing company that rejected a similar offer from a private equity consortium last year.
- Cerberus to buy bankrupt auto parts maker
Cerberus Capital Management has agreed to buy Novi, Michigan-based Tower Automotive, which will file for Chapter 11 bankruptcy with the Southern District of New York next month.
- Private equity firms considering Chrysler
The carmaker has reportedly begun shopping itself to private equity firms, including Apollo Management, The Blackstone Group, The Carlyle Group and Cerberus Capital Management.
- Chrysler would be hard to divide, says CEO
DaimlerChrysler chief Dieter Zetsche remarked Tuesday that the Chrysler Group’s integration makes its brands hard to break up, as Blackstone reportedly prepares a bid for the US auto maker.
- Cerberus Capital sets sights on China
Cerberus Capital Management is planning to extend its Asia presence beyond Japan to China. A new office in Hong Kong is on the cards.
- Gap stock surges amid buyout rumours(3)
The struggling US retailer see shares rise by 7% after reports that it is considering a sale.
- Cerberus buys TV stations for $185m
The New York-based distressed giant is buying seven US television stations from CBS Corporation.
- Gap stock surges amid buyout rumours(2)
The struggling US retailer see shares rise by 7% after reports that it is considering a sale.