Author: dev_admin

NEW YORK, December 21, 2017 – Cerberus Business Finance, LLC (“CBF”), the middle-market direct lending platform of Cerberus Capital Management, L.P., announced today that it has launched a new office in San Francisco, hiring Scott Johnston and Kurt Peterson to lead its dedicated efforts to deliver financial solutions to the region’s leading businesses and financial … Read more

Partnership with Cerberus will accelerate Inmoglaciar’s growth strategy in Spanish residential real estate development Ignacio Moreno will continue to lead Inmoglaciar’s management team MADRID, December 15, 2017 — Cerberus Capital Management, L.P. and its affiliates (“Cerberus”), a global leader in alternative investing, announced today that it has acquired a majority interest in Grupo Inmoglaciar (“Inmoglaciar”), … Read more

BILBAO, SPAIN, Nov. 29, 2017 – BBVA today announced an agreement with a subsidiary of Cerberus Capital Management, L.P. (Cerberus) to create a joint venture (JV) for its real estate business in Spain, reducing almost entirely its exposure to non core real estate assets. On the closing of the operation, BBVA will sell an 80% … Read more

MILAN, Nov. 27, 2017 – UniCredit today announced an agreement with MBCredit Solutions (“MBCS”) and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”) in relation to the disposal on a non-recourse basis (pro-soluto) of a portfolio of Italian Small and Medium Enterprise (“SME”) non performing secured and unsecured loans. The portfolio consists entirely of Italian … Read more

Industry Veteran Thomas Morris to Lead the Resort and Hospitality Company NEW YORK, November 2, 2017 — Cerberus Capital Management, L.P. and its affiliates (“Cerberus”) today announced the acquisition of certain assets of Club Exploria, LLC and Club Exploria Resorts (“Exploria”), a diversified hospitality, development, and management company with a collection of resorts and hotels … Read more

Data Scientist and AI/Machine-learning Expert to Lead Proprietary Technology Platform NEW YORK, October 20, 2017 — Cerberus Capital Management, L.P. (“Cerberus”) announced today that Afsheen Afshar will join Cerberus Operations and Advisory Company, LLC (“COAC”), the firm’s industry-leading operations platform, as Senior Managing Director and Chief Artificial Intelligence Officer, a newly created role within the … Read more

AMSTERDAM, Oct. 16, 2017 — Staples Solutions B.V. (“Staples Solutions”) today announced the appointment of Dolph Westerbos as Chief Executive Officer effective 1 November 2017. Mr. Westerbos joins Staples Solutions to build upon the progress made since its separation from Staples, Inc. following the sale of majority ownership to an affiliate of Cerberus Capital Management, … Read more

NEW YORK, Sept. 4, 2017 — Cerberus Capital Management, L.P. and its affiliates (“Cerberus”) today announced the sale of Admiral Taverns, a leading U.K. leased and tenanted pub company, to a joint venture that includes C&C Group plc, Proprium Capital Partners, and Admiral Taverns management. Admiral Taverns owns and operates an estate of 845 predominantly … Read more