Cerberus Capital Management related stories
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Mid Europa buys Austrian mobile operatorMid Europa Partners and France Telecom have bought Austrian mobile operator One for €1.4 billion. The deal is the biggest industrial leveraged buyout in Austria to date.
- EMI agrees to £2.4bn Terra Firma bid
The world’s third largest recording company, EMI, has accepted a £2.4 billion, eleventh-hour bid from UK private equity firm Terra Firma.
- Cerberus lands $7.4bn Chrysler
Cerberus Capital Management has won a $7 billion three-way fight for US car manufacturer Chrysler. The US buyout firm received unexpected union support after agreeing to take on the company’s $10 billion healthcare and pensions liabilities.
- GS, TPG to take Alltel private for $27.5bn
TPG and Goldman have agreed to buy US wireless provider Alltel for $27.5 billion, the largest-ever private equity deal in the telecom sector.
- Warburg portfolio company in talks with Silver Lake
Warburg Pincus is the largest shareholder in US telecom products company Avaya, which is reportedly in take-private talks with Silver Lake Partners.
- Warburg portfolio company in talks with Silver Lake(2)
Warburg Pincus is the largest shareholder in US telecom products company Avaya, which is reportedly in take-private talks with Silver Lake Partners.
- Cerberus-backed group increases Affiliated bid(2)
A Cerberus-backed bid for IT outsourcing firm Affiliated Computer Services has been raised nearly 5 percent – after its board’s rejected the investors’ request to enter into exclusive negotiations.
- Providence to buy Clear Channel division for $1.2bn(2)
Clear 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(2)
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.
- Private equity firms considering Chrysler(2)
The carmaker has reportedly begun shopping itself to private equity firms, including Apollo Management, The Blackstone Group, The Carlyle Group and Cerberus Capital Management.