Cerberus Capital Management related stories
All articles and analysis
Life after the White House turns privateThe past three US vice presidents have all left public life to join private equity firms – now, even those who didn’t win a presidential election are cashing in on the trend. By Paul Fruchbom.
- Retail exec joins Cerberus
As the distressed specialist continues eyeing retail opportunities, the firm has hired a JC Penney executive to head up its Mervyn’s department store chain.
- Refco auction looms
The auction for Refco’s assets is scheduled for tomorrow, and a winning bidder should be announced by the end of the week. The beauty contest is said to include a mix of strategic and financial bidders, who could push the bidding up to the $1bn range.
- Terra Firma clinches €7bn Viterra deal
Terra Firma Capital Partners is set to sign terms to acquire German property group Viterra for €7 billion in Europe’s largest private equity deal to date.
- Winning some, losing others
As some of Sun Capital’s recent battles show, the retail market is getting increasingly competitive as firms jockey for deals. By Aaron Lovell.
- Sun exits mortgage company for 10x
The distressed buyout specialists will generate a return of 10 times their initial investment in mortgage originator First NLC, following its announced $88m acquisition by Friedman, Billings, Ramsey Group.
- Cerberus to buy MeadWestvaco unit for $2.3bn
The New York distressed specialist will buy the paper business of packaging conglomerate MeadWestvaco for $2.3bn.
- Report: German properties on the block
Oaktree Capital has been granted exclusivity in the €1bn sale of 21,000 homes from HSH Nordbank, while four bidders vie for a €6bn Viterra portfolio.
- Sun Capital buys Honeywell unit
The Florida distressed-buyout specialist has agreed to buy the performance fibers business of Honeywell as the manufacturing giant looks to divest its non-core assets.
- Sun Capital leads $1.2bn Mervyn’s buyout
The Florida distressed-buyout specialist has teamed with Cerberus Capital and others to buy the department store from Target.