Cerberus Capital Management related stories
All articles and analysis
Cerberus settles on $2.61bn for Fund VThe firm has held a final close on $2.61bn, below its original $3.75bn target and well under the $7.5bn raised for its Fund IV.
- Does Hands stand a chance in court?
Guy Hands' firm Terra Firma Capital Partners may have a simpler argument to make that Citi tricked it into paying too much for music publisher EMI.
- We can work it out?
A new legal twist has given Terra Firma fresh hope that it can salvage something more from its long-running quarrel with Citi over EMI. Thomas Duffell reports
- Gores Group cancels Pep Boys deal
The Gores Group has shut down its $1bn deal for autoparts retailer Pep Boys nearly four months after announcing the acquisition.
- New Jersey expands commitment to Tenex
After acquiring a $5.8m fund stake from another investor and assuming $14.2m in uncalled commitments, New Jersey’s Division of Investment now has a 15.5% stake in Tenex’s debut vehicle.
- CalPERS gives Cerberus a big boost
The $232bn system has formed a new relationship with Cerberus with a $400m commitment into the firm’s fifth fund, a sign of confidence as the firm works to hit its $3.75bn target.
- Friday Letter Clear as mud
Australia's determination this week that private equity profits may – in certain circumstances – be taxed as income rather than capital gains has left more questions than answers.
- Friday Letter Why PE managers like MACS
Private equity managers can strategically execute “Material Adverse Change” clauses to renegotiate deals in their favour –though doing so brings significant reputational risk.
- Cerberus holds first close for Fund V
The firm has collected $1.1bn for its fifth flagship fund following a rebound in performance for Cerberus Institutional Partners IV.
- Firms turn to dividend recaps for exits
As the exit market continues to be challenging, dividend recaps remain a tempting exit option for private equity firms. Loan volume for dividend recaps is now the highest since 2007, according to research.