Cerberus Capital Management related stories
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Resilience to pay $44.2m for Delphi divisionResilience Capital Partners is the latest private equity firm to pick up a non-core division of bankrupt auto supplier Delphi.
- Cerberus offloading $700m of Austrian real estate
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.
- Reuters - Cerberus Buys Admiral Taverns
U.S. private equity firm Cerberus Capital Management is to buy British pub group Admiral Taverns from part state-owned Lloyds Banking Group, which is shedding non-core businesses. While terms were not disclosed, two people familiar with the matter said on Friday the deal had an enterprise value - debt plus equity - of 200 million pounds ($323 million), Reuters reported. The debt portion was around 150 million pounds, with Cerberus providing 50 million cash, the people said.
- Rock prefers Virgin, WL Ross consortium
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.
- Report: WL Ross offers $435m for bankrupt mortgage division(4)
US restructuring specialist WL Ross has reportedly offered $435 million for the loan servicing division of bankrupt lender American Home Mortgage.
- Report: WL Ross offers $435m for bankrupt mortgage division(3)
US restructuring specialist WL Ross has reportedly offered $435 million for the loan servicing division of bankrupt lender American Home Mortgage.
- Boxclever fallout comes to court
Separately to a criminal prosecution of ex-West LB executive Jürgen Sengera, the collapse of Boxclever has resulted in various civil cases disputing information provided to French bank Natixis during the television rental business’ refinancing in 2002.
- Report: WL Ross offers $435m for bankrupt mortgage division(2)
US restructuring specialist WL Ross has reportedly offered $435 million for the loan servicing division of bankrupt lender American Home Mortgage.
- Report: Banks still stuck with Chrysler debt
Wall Street banks this week reportedly failed to sell the remaining $4 billion-worth of Chrysler-related debt still on their books.
- PennSERS names Winchester CIO
The Pennsylvania State Employees’ Retirement System has named two longtime staffers, John Winchester and Leonard Knepp, as the pension’s new chief investment officer and executive director.