Cerberus Capital Management related stories
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Cerberus leads Italian sportswear buyoutThe New York-based distressed investment firm is to acquire Italian sportswear company Fila in a $351m deal.
- Under Pressure, Cerberus To Sell Gun Maker
Following pressure from a major investor, U.S. private equity firm Cerberus Capital Management is selling gunmaker Freedom Group, whose Bushmaster AR-15 rifle was used in the Connecticut school massacre. The California State Teachers’ Retirement System had said it was reviewing its investment with Cerberus in the wake of the shooting, in which a gunman killed 20 children and six adults at Sandy Hook Elementary School in Newtown and then took his own life.
- Cerberus to Exit Freedom Group in Wake of Tragedy
U.S. private equity firm Cerberus Capital Management said on Tuesday it will immediately begin selling its investment in gunmaker Freedom Group in light of last week's school shooting in Connecticut.
- Spitzer Targets Cerberus Investors Because of Bushmaster Ownership
Eliot Spitzer, the former New York Governor, wants pension funds to exit their investment in Cerberus Capital Management, because of the firm's connection to gun manufacturer Bushmaster. New York-based Cerberus, which has more than $20 billion in assets, owns the Freedom Group.
- Talks Stall Between Supervalu and Cerberus
Supervalu shares slumped more than 18 percent on Thursday after a report that Cerberus Capital Management was having difficulty obtaining financing to buy out the troubled grocery chain, Reuters wrote. Bloomberg reported that potential lenders were concerned about Supervalu's ability to manage its debt load. Reuters reported last month that buyout firm Cerberus was preparing a takeover bid for Supervalu, the third-largest U.S. supermarket chain.
- Reuters: Cerberus working on takeover bid for Supervalu
Cerberus Capital Management is working on a takeover bid for troubled supermarket operator Supervalu Inc. and has held talks with lenders to line up financing, according to three sources familiar with the matter. Debtwire earlier reported that the private equity firm was pitching a handful of banks to arrange $4 billion to $5 billion in debt financing to back a bid, sending Supervalu's shares up 30 percent on Monday.