Uncategorized

HELSINKI, July 31, 2017 — Citycon Finland Oy (“Citycon”) and Cerberus Capital Management, L.P. (“Cerberus”) announced today that they have signed an agreement whereby Citycon will divest its shopping centres Espoontori, Tikkuri, Myllypuron Ostari, Martinlaakson Ostari and Jyväskylä Forum to an affiliate of Cerberus, one of the world’s leading private investment firms, for a total … Read more

LOS ANGELES, July 31, 2017 — ETC Global Group LLC today announced that on behalf of its subsidiary companies, ETC Global Holdings Inc., Electronic Transaction Clearing, Inc., and Electronic Transaction Clearing Canada Inc. (collectively “ETC” or the “Company”), it has entered into a new financing facility to provide up to $68 million in committed capital … Read more

NEW YORK, June 30, 2017 — Cerberus Capital Management, L.P. (“Cerberus”) today announced that YP Holdings (“YP”), a leading local marketing solutions provider in the U.S., has been acquired by Dex Media. YP’s flagship consumer brands include YPSM app, yellowpages.com and The Real Yellow Pages® Directory, which will now be part of the combined company, to … Read more

WESTBURY, NY, June 27, 2017 — New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company” or “New York Community”) today announced that it has entered into an agreement to sell its mortgage banking business, which was acquired as part of its 2009 FDIC-assisted acquisition of AmTrust Bank, to residential mortgage industry leader, Freedom Mortgage Corporation … Read more

Orion reaffirms strategic plan of developing La Reserva Club into Sotogrande’s latest high-end community LUXEMBOURG and NEW YORK, June 14, 2017 — Orion Capital Managers, LLP (“Orion”) and Cerberus Capital Management, L.P. (“Cerberus”) today announced that Orion’s European Real Estate Fund IV acquired the remaining 50 percent of Sotogrande Luxco currently owned by an affiliate … Read more

LONDON and NEW YORK, June 14, 2017 — Bridges Fund Management (“Bridges”), the specialist sustainable and impact investor, and Cerberus Capital Management, L.P. (“Cerberus”) today announced the sale of Qbic Hotel to an affiliate of Cerberus. Bridges first invested in Qbic in 2012, via its Sustainable Growth Fund III. This investment allowed for the transformation … Read more

Steward to Become Largest Privately-Owned For-Profit Hospital Operator in the U.S. BOSTON, May 19, 2017 — Steward Health Care LLC (“Steward”) and IASIS Healthcare LLC (“IASIS”) today announced they have entered into a definitive agreement to merge their operations. The transaction will make Steward the largest private for-profit hospital operator in the United States with … Read more

NEW YORK, May 19, 2017 — Cerberus Capital Management, L.P. (“Cerberus”) today announced that an affiliate of the firm has acquired Bushkill Group (“Bushkill”), a vacation property ownership company located in Pennsylvania from Resorts Group, Inc. The transaction includes Bushkill’s popular Pocono Mountains resort location, The Villas at Tree Tops & Fairway. Terms of the … Read more