Cerberus Capital Management related stories
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Sale-leaseback strategy saves Sun as Mervyn’s foldsUS private equity firm Sun Capital is keeping afloat on its investment in the bankrupt retailer, thanks largely to sale-leasebacks of several of the chain’s department outlets. Sun Capital and Cerberus, which sold its stake last year, bought Mervyn's for $1.2bn in 2004.
- Report: Cerberus to target distressed financial institutions
The private equity firm’s chairman, John Snow, has said Cerberus will raise a fund dedicated to undervalued assets under distress due to current market dislocation. He also said Cerberus funds 'are open' to Chinese sovereign fund investment.
- Cerberus denies selling more Chrysler, GMAC equity
The publicity-shy buyout group says it has not made any changes to its GMAC and Chrysler holdings beyond original co-investments.
- Report: Cerberus eyes Chinese investments
The chairman of the New York-based alternative asset manager said the firm is building an operating team in China and downplayed problems with its Chrysler and GMAC deals.
- Report: Cerberus, Blackwater end talks
The secretive mega-buyout giant has reportedly been in ongoing negotiations with the controversial private security contractor.
- Fifty finest
Private Equity International is proud to present its selection of markettransforming individuals who give shape and character to private equity today. The list, which is not a ranking, is ordered alphabetically.
- WL Ross to pay $1bn for subprime mortgage servicing unit
Just months after Cerberus dropped its $800 million buyout of H&R Block’s Option One Mortgage Corporation, the distressed investment shop has agreed to purchase the company’s servicing unit for an even higher price.
- Cerberus offloading $700m of Austrian real estate(3)
The US investment firm that took over troubled Austrian bank Bawag-PSK in May is now selling a property package that belonged to its new acquisition.
- Cerberus offloading $700m of Austrian real estate(2)
The US investment firm that took over troubled Austrian bank Bawag-PSK in May is now selling a property package that belonged to its new acquisition.
- Rock prefers Virgin, WL Ross consortium(4)
A consortium led by Virgin Group and including WL Ross has tabled a preferred bid for struggling UK bank Northern Rock. The bid provides shareholders with a way to benefit from the upside of any turnaround.