Cerberus Capital Management related stories
All articles and analysis
Cerberus partners with New Jersey for mid-market lendingThe distressed investment-focused firm has formed a $300m customised account with New Jersey’s $68bn state pension system to take advantage of the huge need for financing in the mid-market.
- WL Ross, Virgin beat JC Flowers to Northern Rock
Financial services specialist JC Flowers has failed again to acquire the retail arm of UK bank Northern Rock, after the UK Treasury sold it instead to Virgin Money and WL Ross for £747m.
- Cerberus and Garanti ink Turkey partnership
The two groups will provide an initial $400m to invest in Turkey and the surrounding region, and may raise a further $600m next year.
- Feinberg: GPs are ‘overpaid’
LPs should be paid back all their committed capital plus a preferred return before GPs start to collect carried interest, head of Cerberus Stephen Feinberg said at an industry conference.
- Loss looms for Cerberus on paper company
An Ohio paper manufacturer has filed for Chapter 11 bankruptcy four years after Cerberus purchased the company in a $2.3bn leveraged buyout.
- News analysis: 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.
- 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.
- Economic woes herald return of the MAC
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
- Cerberus receives big commitment on first senior debt fund
In addition to committing $200m to Cerberus’s mid-market senior debt fund, the Pennsylvania Public School Employees’ Retirement System committed almost $300m across three private equity funds.
- Cerberus spin-out collects $452m in debut
The firm beat its $400m target and $425m hard-cap, and will make investments of between $25m and $75m in Canada and the US.