Cerberus Capital Management related stories
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Hands gets warned, attacks the FTTerra Firma head Guy Hands said Friday he ignored information the Financial Times had that Cerberus had dropped out of the EMI auction because the newspaper ‘gets things wrong on a completely consistent basis’.
- Hands' lawyer: Citi banker has loose lips
In an effort to discredit Citi banker David Wormsley, Terra Firma attorney David Boies attacked him for allegedly disclosing ‘confidential’ information in the past.
- Terra Firma trial kicks off in New York
The Guy Hands-led firm is suing its financial advisor Citi for allegedly tricking it into buying EMI for £4 billion. Citi argues Hands is looking for a scapegoat for the struggling investment.
- Bulk of Hands’ wealth is in EMI
The private equity giant has personally invested about '60 to 70%’ of his net worth in foundering EMI. Hands’ at-times emotional testimony described his decision to sue a former friend as ‘a difficult thing’.
- Interview: Much to play for
In his first in-depth interview since assuming the managing partner role, Hugh Langmuir explains why Cinven won’t be mimicking some of its large-cap peers.
- TPG poaches ops trio from Cerberus
A team of three operations professionals led by Curt Miller will work on procurement for TPG portfolio companies.
- Cerberus-backed LNR pursues $400m restructuring plan
LNR Property will launch a $400m rights offering to recapitalise its business. The firm, the parent company of the largest special servicer in the US, LNR Partners, has engaged Goldman Sachs and Bank of America Merrill Lynch for a new $445m loan which, together with the rights offering, will refinance a $868m senior loan.
- Fortress to buy loan servicer from Caisse de dépôt
Apollo and Centerbridge reportedly lost out to Fortress for the US’ second-largest special servicer, which was expected to fetch $200m.
- Shinsei, Aozora call off merger
JC Flowers-backed Shinsei Bank and Cerberus-owned Aozora Bank have terminated a merger agreement they signed in July 2009.
- Cerberus agrees $1.5bn deal for defense contractor
The firm has agreed to acquire DynCorp International, which runs police training operations in Iraq.